If Enforcement Is Aimed at Buyers of an Illegal Good,the

question 99

Multiple Choice

If enforcement is aimed at buyers of an illegal good,the

• A)price and quantity bought decrease.
• B)price and quantity bought increase.
• C)price rises and quantity bought decreases.
• D)price falls and quantity bought increases.
• E)price change is uncertain and quantity bought decreases.

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Definitions:

Saddle Point

In mathematical optimization, a saddle point is a point on the surface of the graph of a function where the slopes (derivatives) in orthogonal directions are all zero, but which is not a local extremum (minimum or maximum) of the function.

Soren Kierkegaard

A Danish philosopher and theologian considered the first existentialist philosopher, known for his critiques of Hegel and the Danish church and his exploration of the complexities of human existence.

Movers and Drifters

Individuals who are actively seeking opportunities for advancement and change (movers) compared to those who lack direction and goals (drifters).

Middle-income Parents

Parents belonging to the socio-economic class situated between the lower and upper classes, typically characterized by modest financial stability.