about $1,800
Zero. Ivory is illegal to own or sell.
The current price for black dragonhide:Current market price range:Minimum price: 2,989 Market price: 3,146 Maximum price: 3,303
No, it is not illegal to sell branded clothes at lower prices than that are available in the market
Usually because the cost of acquisition is the lowest possible price, the transaction being an illegal one and usually occurring on the black market.
20 thousand
No.
In some cases, when governments or regulatory bodies set a maximum price for a good, this leads to black markets. To be effective, the maximum price has to be below the market price that prevails as a result of the interaction of demand and supply.
Shadow price: black market price for a good. Example: price of cigarettes from Native reserves in southern Ontario.
1. Queuing 2. Price coupons 3. Black Market
1. Queuing 2. Price coupons 3. Black Market
Raw ivory between $ 3000 to $ 8000 a kilogram in market. Carved tusks ranges from $ 15000 to $ 1.4 million in market depending on size
When a maximum price is set for a good or service, it is set below the equilibrium. This is supposed to help consumers but due to the excess demand, a black market will emerge and goods and services will be sold at black market prices (which will be higher than the maximum price or price ceiling) A minumum price is set abouve the equlibrium price. This is done to help producers, however all this will do is create an excess supply and a black market will emerge where goods will be sold at a lower price.