If sanctions are imposed on buyers but NOT on sellers of an illegal good, then the equilibrium price _______ And the equilibrium quantity _______ .

Name: If sanctions are imposed on buyers but NOT on sellers of an illegal good, then the equilibrium price _______ And the equilibrium quantity _______ .
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Question

If sanctions are imposed on buyers but NOT on sellers of an illegal good, then the equilibrium price _______  And the equilibrium quantity _______ .

Quizplus · Accepted Answer

Sanctions on buyers reduce demand for the illegal good, leading to a lower equilibrium price and quantity.

If Sanctions Are Imposed on Buyers but NOT on Sellers