For a previously-illegal good, decriminalization will cause

A. supply to become less elastic.
B. demand to increase.
C. demand to become less elastic.
D. price to rise, unambiguously.

Answer: B

Economics

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A) the Patient Protection and Affordable Care Act (ACA) B) socialized medicine C) government-provided health care D) market-based reforms of the health care system

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Monopoly firms may lead to higher costs than perfectly competitive firms

a. True b. False Indicate whether the statement is true or false

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