Multiple Choice
If the penalty on sellers of an illegal good is less than the penalty on buyers of an illegal good,then supply of the good will ________ by ________ demand and the price of the good will ________.
A) decrease;more than;rise
B) decrease;less than;rise
C) decrease;less than;fall
D) decrease;more than;fall
E) increase;less than;rise
Correct Answer:

Verified
Correct Answer:
Verified
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