During World War II,there was an extensive black market for tires in the United States.The most likely explanation for the existence of the black market was that

A) the price of tires was artificially held down by price controls.
B) the price of tires was artificially increased by price controls.
C) tires were one of the few goods not subject to price controls.
D) gasoline rationing greatly restricted civilian driving.

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Anukriti Singhvi · Accepted Answer

Final Answer : A, Explanation :  The black market for tires during World War II was largely due to price controls. The government imposed price ceilings to prevent inflation and ensure that essential goods remained affordable for the general population. However, these controls often led to shortages, as the artificially low prices increased demand but discouraged supply, leading to the emergence of black markets where goods could be sold at higher prices.

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