Which of the following is an economic effect of prohibition of alcohol?
A) A reduction in the supply,a decrease in price,and a decrease in the quality of liquor
B) An increase in supply,a decrease in price,and an increase in the quality of liquor
C) A decrease in supply,an increase in price,and no change in the quality
D) A decrease in supply,an increase in price,and a decrease in quality
E) None of the above
Correct Answer:
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