If Enforcement of the Law Is Aimed at Buyers of an Illegal

question 102

Multiple Choice

If enforcement of the law is aimed at buyers of an illegal good,the result will be

• A)an increase in the supply of the good.
• B)a decrease in the supply of the good.
• C)a decrease in the demand for the good.
• D)a rise in the price of the good.
• E)no change in the equilibrium quantity.

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Definitions:

Noticeable Difference

The smallest change in a stimulus that can be detected by the senses.

Minimum Change

The least alteration that can occur in a situation or in the value of a variable.

Absolute Threshold

The minimum intensity of a stimulus at which it can be detected by an individual at least 50% of the time.

Difference Threshold

The smallest detectable difference between two stimuli that a person is able to sense, also known as the just noticeable difference (JND).