Economic theory suggests that gun buyback programs:
A)are effective in reducing the number of guns on city streets.
B)do not reduce the number of guns on city streets.(True Answer )Correct
C)are most effective if the supply curve of guns is perfectly elastic.
D)reduce the demand for new and better functioning guns.

Question

Quizplus · Accepted Answer

Economic theory suggests that gun buyback programs do not reduce the number of guns on city streets. This is because those who voluntarily turn in their guns are likely not those who are using them for criminal activity. Additionally, the supply of guns is not perfectly inelastic, meaning that even if some guns are removed from circulation, there will still be a significant supply available.

Economic Theory Suggests That Gun Buyback Programs