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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