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What are the characteristics of a black market that emerges as the result of a price ceiling? Question content area bottom Part 1 A black

What are the characteristics of a black market that emerges as the result of a price ceiling? Question content area bottom Part 1 A black market that emerges as the result of a price ceiling is an illegal market in which _______. A. the price exceeds the legally imposed price ceiling B. the quantity traded is greater than the legally imposed quantity C. the quantity traded is less than the legally imposed quantity D. the price is less than the legally imposed price ceiling

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