Question: Suppose that legalizing the use of heroin would decrease its price by 95 percent. If the price elasticity of demand for heroin is -3.00, what

Suppose that legalizing the use of heroin would decrease its price by 95 percent. If the price elasticity of demand for heroin is -3.00, what would be the percentage increase in the quantity of heroin demanded from legalizing heroin?enter your response here percent.(Enter a numeric response using a real number rounded to two decimal places.) Part 2 Suppose instead that the price elasticity of demand for heroin is -0.37. What would be the percentage increase in the quantity of heroin demanded from legalizing heroin?enter your response here percent (enter your response rounded to two decimal places). Part 3 The higher the absolute value of the price elasticity of demand for heroin, the

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