Explain 'black marketing' as a direct consequence of price ceiling.

1.	Explain 'black marketing' as a direct consequence of price ceiling.
Answer» <html><body><p></p>Solution :Black marketing may be termed as a <a href="https://interviewquestions.tuteehub.com/tag/direct-954477" style="font-weight:bold;" target="_blank" title="Click to know more about DIRECT">DIRECT</a> consequence of <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> ceiling as it implies a situation where the <a href="https://interviewquestions.tuteehub.com/tag/commodity-923558" style="font-weight:bold;" target="_blank" title="Click to know more about COMMODITY">COMMODITY</a> under the government's control policy is illegally sold at a price higher than the one fixed by the government. It may primarily arise due to the presence of consumers who may be <a href="https://interviewquestions.tuteehub.com/tag/willing-2335259" style="font-weight:bold;" target="_blank" title="Click to know more about WILLING">WILLING</a> to pay higher price for the commodity than to <a href="https://interviewquestions.tuteehub.com/tag/go-468886" style="font-weight:bold;" target="_blank" title="Click to know more about GO">GO</a> without it.</body></html>

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