If Enforcement Is Aimed at Sellers of an Illegal Good

question 280

Multiple Choice

If enforcement is aimed at sellers of an illegal good, its equilibrium price will ________ and its equilibrium quantity will ________.

• A) rise; increase
• B) rise; decrease
• C) fall; increase
• D) fall; decrease

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Definitions:

Temperament Adjustment

The process of adapting or modifying one's innate personality traits or behavioral tendencies, often to improve interactions or fit better within a particular context.

Cultural Intelligence

The ability to relate to and work effectively across cultures, including understanding cultural norms, practices, and nuances.

Suppressing Emotions

Intentionally inhibiting one's emotional expressions or feelings, often to adhere to social norms or personal beliefs.

Recognizing

The act of identifying someone or something from having encountered them before; acknowledging the existence, validity, or legality of something.