Scalping and other black market activities arise when A the

Scalping and other black market activities arise when

A.

the quantities of goods demanded and supplied are allowed to adjust to their equilibrium levels.

B.

the prices of goods are restricted to levels below equilibrium prices.

C.

the prices of goods are restricted to levels above equilibrium prices.

D.

the prices of goods are allowed to adjust to their equilibrium levels.

According to the law of? demand, other things being? equal,

A.

when the price a good goes? up, then people buy less of that good.

B.

when the price a good goes? up, then people buy more of that good.

C.

when? people\'s income goes? up, then they buy more of a good.

D.

when? people\'s income goes? up, then they buy less of a good.

Solution

Solution-

Scalping and other black market activities arise when the prices of goods are restricted to levels below equilibrium prices.

The correct option is B. the prices of goods are restricted to levels below equilibrium prices.

Reason-

Scalping uses a larger position size in smaller conditions for smaller price in a small position. This is ultimately the main goal is to buy or sell multiple shares in the bid - or demand - price and then sell some cents higher or less for profit.

According to the law of? demand, other things being? equal, when the price a good goes? up, then people buy less of that good.

The correct option is A. when the price a good goes? up, then people buy less of that good.

Reason-

The law says that the quantity demanded of goods and services is related to its price, other things being equal. In an inverse relationship, one variable price increases when the other moves down. The law of demand states that a change in price causes the quantity demanded. When price increases demand for good decreases and when price decreases demand for good increases.