Suppose That the Demand for Cocaine Falls as a Result

question 61

Multiple Choice

Suppose that the demand for cocaine falls as a result of prohibition. Which of the following factors would cause this decrease?

• A) An increase in the price of cocaine.
• B) An increase in the nonprice cost of buying cocaine.
• C) Users experience increased excitement due to the risk of buying cocaine in an irregular market.
• D) Cocaine will be sold in a less competitive market.

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