Multiple Choice
Making drugs, such as cocaine, illegal results in a higher price than would be present if the drugs were legal. All else constant, the higher price results in drug users spending
A) more on drugs if the demand for drugs is inelastic.
B) more on drugs if the demand for drugs is elastic.
C) less on drugs if the demand for drugs is inelastic.
D) more on drugs if the demand for drugs is unitary elastic.
Correct Answer:

Verified
Correct Answer:
Verified
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