If Penalties Are Imposed Only on Buyers (But Not on Sellers)

question 43

Multiple Choice

If penalties are imposed only on buyers (but not on sellers) of marijuana, the equilibrium price of marijuana will _______, and the equilibrium quantity of marijuana sold _______.

• A) fall; decreases
• B) fall; increases
• C) rise; increases
• D) rise; decreases

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Definitions:

Avoidance-avoidance

A psychological conflict that arises when an individual must choose between two unattractive options or outcomes.

Multiple Approach-avoidance

A conflict involving a choice between two or more options, each having both desirable and undesirable aspects leading to vacillation between them.

Future of the Nation

Considerations and predictions about the development, prosperity, and well-being of a country in the coming years.

Area of Concern

A domain or issue that requires attention or is regarded as a subject requiring intervention or oversight.