Question: In a 2 0 1 5 article, published in the Journal of Health Economics, the elasticity of demand for heroin is estimated to be about

In a 2015 article, published in the Journal of Health Economics, the elasticity of demand for heroin is estimated to be about -0.80. Based upon this, a government interventign that seized 10% of all heroin would result in which of the following
a 12.5% increase in price and a reduction in overall revenue from heroin sales.
a 8% increase in price and a reduction in overall revenue from heroin sales
a 12.5% increase in price and an increase in overall revenue from heroin sales.
a 8% increase in price and an increase in overall revenue from heroin sales
In a 2 0 1 5 article, published in the Journal of

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