When a good is made illegal, which of the following definitely results in the price rising?
A) a much higher fine on sellers than on buyers
B) a much higher fine on buyers than on sellers
C) any fine imposed on both buyers or sellers
D) any fine imposed on buyers
Correct Answer:
Verified
Q278: An upper limit to the quantity of
Q279: Q280: Q281: Compared to the situation in which a Q282: If the same fine is imposed on Q284: If penalties are imposed only on buyers Q285: If the government makes a good illegal Q286: When a government fines and/or imprisons convicted Q287: In general, a fine on smoking cigarettes Q288: Suppose penalties are imposed on both buyers
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