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Topic: Business
Number of pages / Number of words: 7 / 1845
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Therefore, a price ceiling creates a shortage whereby the quantity demanded exceeds the quantity supplied. When shortages occur a black market may develop. According to Parkin et al. (2006:120) "a black market is an illegal market in which the price exceeds the legally imposed price ceiling". This occurs where those consumers that have acquired the good sell it at an illegal price above the price ceiling...


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This occurs where those consumers that have acquired the good sell it at an illegal price above the price ceiling. If we look at the situation in Zimbabwe black markets have emerged for commodities such as fuel. According to an article on the Zimbabwean watch by Makoni (2005) "the government has urged businesses not to increase prices of goods and services by more than 10%; a clause that, if previous years are anything to go by, will fall on deaf ears...


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Can government intervention be effective in correcting market failures associated with alcohol? Controvercy Of Government Price GOVERNMENT INTERVENTION IN THE MARKET PLACE Government intervention in national markets London House Price market Market Price The Advantages And Disadvantages Of Free Market Economy, Price Determination With Market Forces. And Government Intervention With Free Market Equilibrium Price And The More Suitable Model For The Sudan Who Determines The Prices Of Goods In Market? Government Or Free Forces Of Market Government Intervention And Its Disadvantages Government Intervention UN secretary General Kofi Annan once remarked that "the world cannot stand aside when gross and systematic violations of human rights are taking place". What is needed, he said, are "legitimate and universal principles" on which intervention can b... Role Of Government Intervention In Environmental Issues Government and Internet Intervention Government Intervention Of The Internet Government Intervention On The Internet

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