Compared to the situation in which a good is legal, making the good illegal and imposing ________ results in less being sold
A) a much higher fine on sellers than on buyers
B) a much higher fine on buyers than on sellers
C) any fine on either the buyer or the seller
D) all of the above
D
Economics
You might also like to view...
In an economy where nominal incomes adjust equally to changes in the price level, we would expect the long-run aggregate supply curve to be:
a. vertical. b. negatively sloped. c. positively sloped. d. horizontal.
Economics
Refer to the information provided in Figure 15.5 below to answer the question(s) that follow. 
Figure 15.5 Refer to Figure 15.5. Assume the Custom Sweater Shop has fixed costs of $275 and is a monopolistically competitive firm. If this firm is attempting to maximize profits, the firm's profit is
A. -$275. B. -$100. C. -$75. D. $0.
Economics