Which of the Following Statements Helps to Explain Why Government

question 32

Multiple Choice

Which of the following statements helps to explain why government drug interdiction increases drug-related crime?

• A)The direct impact is on buyers,not sellers.
• B)Successful drug interdiction policies reduce the demand for illegal drugs.
• C)Drug addicts will have an even greater need for quick cash to support their habits.
• D)In the short run,both equilibrium quantities and prices will fall in the markets for illegal drugs.

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Definitions:

Level Of Production

The quantity of goods or services produced within a given period by a company, industry, or country.

Market Equilibrium Price

The price at which the quantity of goods supplied equals the quantity of goods demanded in a market.

Market Share

The portion of a market controlled by a particular company or product.

Revenue

The total amount of money generated by a company from its business activities, such as sales of goods or services, before any expenses are subtracted.