Gun buyback programs will be less effective if the:
A) supply of guns is more elastic.
B) supply of guns is more inelastic.
C) demand for guns is more elastic.
D) demand for guns is more inelastic.

Question

Quizplus · Accepted Answer

The supply of guns is more elastic, meaning that the quantity supplied will increase more in response to a price increase. This will make it more difficult for gun buyback programs to reduce the number of guns in circulation, as people will be more likely to sell their guns to private buyers instead of turning them in to the government.

Gun Buyback Programs Will Be Less Effective If The