Gun buyback programs, such as the one instituted in Washington, D.C., tend to not be very effective because:
A) the supply of the types of guns exchanged is highly elastic.
B) the supply of the types of guns exchanged is not very elastic.
C) the programs tend to have a large impact on the price of guns on the street.
D) the programs simply end up decreasing the elasticity of supply.

Question

Quizplus · Accepted Answer

Gun buyback programs tend to not be very effective because the supply of the types of guns exchanged is highly elastic. This means that even if some people do turn in their guns, there are many other sources for obtaining guns, such as the black market or private sales. Additionally, those who participate in these programs may not necessarily be the ones who are most likely to engage in gun violence, so it may not have a significant impact on reducing crime.

Gun Buyback Programs, Such as the One Instituted in Washington