Scalping at major sporting events is an example of the operation of rationing by the market. a surplus caused by the existence of price ceilings. a black market caused by a price floor. a black market caused by a price ceiling.

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Business

Gummy Pop

1 January, 01:46

Scalping at major sporting events is an example of the operation of rationing by the market. a surplus caused by the existence of price ceilings. a black market caused by a price floor. a black market caused by a price ceiling.

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Kelton Mendoza · Answer 1

Scalping at major sporting events is an example of "a black market caused by a price ceiling."

Delayed shortages caused by price ceilings can make black markets for that great. A black market is an underground system of makers that will offer purchasers as a lot of a controlled decent as they need, yet at a cost higher than the value roof. black markets are for the most part unlawful. Anyway these business sectors give higher benefits to makers and to a greater extent a useful for a customers, such a large number of will go for risk of fines or detainment.