–are illegal markets that emerge in response to price controls. a few buyers are able to obtain the good at the open-market price; the rest must resort to illegal means. the additional demand is met by – suppliers selling at much – prices.

The correct answers are Black Markets, Underground and Higher.

Explanation:

Black markets are illegal markets that emerge in response to price controls. A few buyers are able to obtain the good at the open-market price; the rest must resort to illegal means. The additional demand is met by underground suppliers selling at much higher prices.

Government of a country does not support or encourage such activities. People usually buy such products at market rate when the product is low in demand and sell it in black at higher prices when the demand of the product is high.

answer; possession utility;

rational decision making is a multi-step process for making choices between alternatives. the process of rational decision making favors logic, objectivity, and analysis over subjectivity and insight. the word “rational” in this context does not mean sane or clear-headed as it does in the colloquial sense.

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