If a good is subject to a binding price floor and someone purchases it on the black market, what would he or she expect to happen to the price over time

The surplus of the goods will rise, meaning that the availability of the such good will increase over time as both the supply and demand curves become more elastic.

Explanation:

Due to the presence of the black market, people are going to buy it from the black market at a lower cost, thus the availability will rise and the total surplus will rise due to market equilibrium.

it is d i just took the test

answerobservation;