Multiple Choice
If buyers of illegal goods are punished but sellers are not, then the price ________ and the equilibrium quantity ________.
A) rises; increases
B) rises; decreases
C) falls; increases
D) falls; decreases
Correct Answer:
Verified
Related Questions
Q268: 4 Production Quotas and Subsidies
-Governments often intervene
Q269: Among the factors that create a deadweight
Q270: Q271: If a production quota is set below Q272: In the market for books, initially there Q274: The less elastic the supply, the Unlock this Answer For Free Now! View this answer and more for free by performing one of the following actions Scan the QR code to install the App and get 2 free unlocks Unlock quizzes for free by uploading documents
A) less