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Page 191 6.1. When do price ceilings matter? Fill in the blanks to complete the passage regarding the development of illegal markets in response to
Page 191 6.1. When do price ceilings matter? Fill in the blanks to complete the passage regarding the development of illegal markets in response to price ceilings. - are unlawful markets that emerge in response to price controls. A few buyers are able to obtain the good at the open-market price; the rest must resort to illegal means. The additional demand is met by - suppliers selling at much - prices
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