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Explain black marketing as a direct …

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Explain black marketing as a direct consequence of price ceiling

Posted by Harsh Vardhan 7 years ago

CBSE > Class 12 > Economics

1 answers

Priyanka Sachdeva 7 years ago

Price ceiling means bringing price at a lower level that of equilibrium price which is termed as maximum price to be paid by consume to consume something which directly leads to black marketing because people purchase all the things in less price which causes shortage of goods in market then sold those things in black .. thats why price ceiling leads to black marketing

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