Suppose the United States government is successful in reducing the flow of drugs into the United States. What impact does this have on the supply and demand curves for illegal drugs.
a. supply decreases, demand is unaffected, and price increases
b. demand decreases, supply is unaffected, and price decreases.
c. demand and supply both decrease, leaving price essentially unchanged.
d. supply decreases, demand increases, and price increases substantially.
a
Economics
You might also like to view...
Which of the following is most likely to be a fixed cost for a business?
a. payment for raw materials used in manufacturing goods b. interest payments on a loan used to finance the construction of a building c. shipping charges for the delivery of products d. wages paid to temporary workers
Economics
Compared to stockholders, bondholders
a. face greater risk b. face the same risk c. face lower risk d. always receive a higher return on their investment e. always receive a lower return on their investment
Economics