In the case of addicts (whose demand is relatively inelastic), drug prohibition will a. Tend to increase

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In the case of addicts (whose demand is relatively inelastic), drug prohibition will

a. Tend to increase the revenues of drug dealers due to increased expenditures on drugs.

b. Tend to decrease the revenues of drug dealers due to decreased expenditures on drugs.

c. Cause a relatively large decrease in the output that drug dealers are able to sell.

d. Reduce crime rates as users have less need to steal to finance their drug habit.

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Introduction To Economics Social Issues And Economic Thinking

ISBN: 9780470574782

1st Edition

Authors: Wendy A. Stock

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Question Posted: Oct 28, 2023 08:52 AM

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In the case of addicts (whose demand is relatively inelastic), drug prohibition will a. Tend to increase

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a Tend to increase the revenues of drug dealers due to increased expenditures on drugs In the cas...View the full answer

Introduction To Economics Social Issues And Economic Thinking

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