Multiple Choice
Which of the following statements is not correct?
A) Advocates for drug-interdiction policies that reduce the supply of illegal drugs argue that the demand for illegal drugs may be more responsive in the long run than in the short run.
B) The demand for illegal drugs is price inelastic.
C) Drug interdiction efforts that reduce the supply of illegal drugs may increase drug-related crimes.
D) The quantity of illegal drugs demanded is very responsive to changes in price.
Correct Answer:
Verified
Correct Answer:
Verified
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