Multiple Choice
When a good is made illegal, which of the following definitely results in the price rising?
A) a much higher fine on sellers than on buyers
B) a much higher fine on buyers than on sellers
C) any fine imposed on both buyers or sellers
D) any fine imposed on buyers
Correct Answer:

Verified
Correct Answer:
Verified
Q48: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above
Q49: If buyers of illegal goods are punished
Q50: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The market for
Q51: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The above figure
Q52: "The tax on insulin in the Philippines
Q54: If sanctions are imposed on buyers but
Q55: A rent ceiling set above the equilibrium
Q56: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the table
Q57: Imposing a minimum wage that is above
Q58: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The figure above