Suppose State Governments,in an Attempt to Help Save the Family

question 135

Multiple Choice

Suppose state governments,in an attempt to help save the family farm,issued licenses that allowed them to grow a heretofore-illegal substance.As a result,

• A)both equilibrium price and quantity of the substance will rise.
• B)both equilibrium price and quantity of the substance will fall.
• C)equilibrium price will rise and equilibrium quantity will fall for the substance.
• D)equilibrium price will fall and equilibrium quantity will rise for the substance.

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Definitions:

Cocaine

A powerful and addictive stimulant drug extracted from the leaves of the coca plant, which increases levels of dopamine in the brain circuits regulating pleasure and movement.

Physiological Responses

The body's automatic reactions to internal or external stimuli, often part of the nervous and endocrine systems' roles.

Tolerance

The process by which one's body becomes less responsive to a substance or a stimulus after repeated exposure.

Intoxication

The condition of having physical or mental control impaired by the consumption of alcohol or drugs.