If demand for drugs is inelastic, then changes in the supply curve through interdiction efforts will only slightly

Question

Quizplus · Accepted Answer

Inelastic demand means that changes in price or quantity will have relatively little effect on the overall demand for the product. Therefore, interdiction efforts to reduce the supply of drugs will only have a small impact on the equilibrium quantity, as demand will still remain relatively constant. However, it could potentially lead to an increase in equilibrium price, as the reduced supply could lead to higher prices for the product.

If Demand for Drugs Is Inelastic, Then Changes in the Supply