Question: Question 6 In a 2 0 1 5 article, published in the Journal of Health Economics, the elasticity of demand for heroin is estimated to

Question 6
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 intervention that seized \(10\%\) of all heroin would result in which of the following
a \(8\%\) increase in price and a reduction in overall revenue from heroin sales
a \(12.5\%\) increase in price and a reduction in overall revenue from heroin sales.
a \(8\%\) increase in price and an increase in overall revenue from heroin sales
a \(12.5\%\) increase in price and an increase in overall revenue from heroin sales.
Question 6 In a 2 0 1 5 article, published in the

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