A Drug Interdiction Program That Successfully Reduces the Supply of Illegal

question 47

Multiple Choice

A drug interdiction program that successfully reduces the supply of illegal drugs in the United States likely will

• A)raise the price,reduce the quantity,decrease total revenues,and decrease crime.
• B)lower the price,increase the quantity,increase total revenues,and increase crime.
• C)raise the price,increase the quantity,decrease total revenues,and increase crime.
• D)raise the price,reduce the quantity,increase total revenues,and increase crime.

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Definitions:

Rival

A characteristic of a good or service that implies its consumption by one individual prevents simultaneous consumption by another individual.

Public Goods

Public goods are commodities or services that are provided without profit to all members of a society, either by the government or a private individual or organization.

Private Goods

Goods that are both excludable and rivalrous, meaning only those who pay for them can use them, and one person's use of the good reduces others' ability to use it.

Common Resources

Goods that are rival in consumption but not excludable