Which of the Following Statements Is TRUE? I

Multiple Choice

Which of the following statements is TRUE? I. The War on Drugs has increased revenues in the illegal drug industry. II. The War Drugs has increased the costs of selling drugs, causing a decrease in the supply of drugs. III. The War on Drugs has caused the price of drugs to increase. IV. The quantity demanded of illicit drugs is elastic.

A) II, III and IV only
B) II only
C) I, II, and III only
D) I, II, III, and IV