Solved

What Is the Likely Effect of the Government Reducing the Supply

Question 56

Multiple Choice

What is the likely effect of the government reducing the supply of illegal drugs?


A) The total amount spent on drugs will decrease.
B) The total amount spent on drugs will increase.
C) The quantity of drugs consumed will remain unchanged.
D) The demand for drugs will fall.
E) The demand for drugs will increase.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions