Consider a Market for an Illegal Good

question 69

Multiple Choice

Consider a market for an illegal good.If the government imposes the cost of breaking the law on the buyer of the good,then price will be

• A)higher and quantity lower compared to imposing the same cost on the seller.
• B)higher and quantity higher compared to imposing the same cost on the seller.
• C)lower and quantity lower compared to imposing the same cost on the seller.
• D)lower and quantity the same compared to imposing the same cost on the seller.
• E)higher and quantity the same compared to imposing the same cost on the seller.

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Definitions:

Parachute Jumping

A sport or recreational activity involving executing a jump from an airplane and descending partly by free fall before opening a parachute to slow the descent.

Depressed

A clinical state characterized by persistent feelings of sadness, hopelessness, and a lack of interest or pleasure in life.

Bad Weather

Describes meteorological conditions that are perceived as unfavorable, such as heavy rain, snow, high winds, or extremes of hot or cold temperatures.

Experienced Parachutists

Individuals who have undergone significant training and have completed numerous parachute jumps, gaining proficiency and comfort in the activity.