Recall the Application. If the decrease in price of illegal drugs is primarily due to a change in supply, the equilibrium quantity of drugs

A) will increase. B) will decrease.
C) will not change. D) may or may not change.

A

Economics

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Recall the Application. If the decrease in price of illegal drugs is due to equal changes in demand and supply, the equilibrium quantity of drugs

A) will increase. B) will decrease. C) will not change. D) may or may not change.

Economics

"Capital dilution" refers to ________

A) the flow of investment in the "bathtub model" B) the depreciation of capital associated with an increase in the percentage of younger workers C) the decline in the marginal product of capital that results from reliance on new, inexperienced workers D) the decrease in capital per worker that is a direct consequence of an increase in the number of workers

Economics