The greater the penalties laid on sellers in the black market... the higher the black market price.


Boulding (1947) "A Note on the Theory of the Underground economy". In: The Canadian Journal of Economics and Political Science. Vol. 13 no.1, p. 117; quoted in: Michael York (2007) The Entrepreneurial Outlaw


The greater the penalties laid on sellers in the black market... the higher the black market price.

The greater the penalties laid on sellers in the black market... the higher the black market price.

The greater the penalties laid on sellers in the black market... the higher the black market price.

The greater the penalties laid on sellers in the black market... the higher the black market price.