For each of the following scenarios, depict graphically the impact it has on the equilibrium quantity and
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Question:
For each of the following scenarios, depict graphically the impact it has on the equilibrium quantity and price in the market for rational murder and, in a separate graph, in the market for irrational murder. Briefly explain the reasoning behind your answers.
draw a graph
The penalty for aggravated assault is reduced by 1 year
The entertainment industry is restricted from depicting extreme violence or killings using guns especially in an unrealistic or romanticized way.
The purchase of firearms is subsidized.
Expert Answer:
ANSWER A The supply of rational murder rises and the demand curve for murder moves to the right if t... View the full answer
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