Which of the Following Statements Does Not Help to Explain

question 26

Multiple Choice

Which of the following statements does not help to explain why government drug interdiction increases drug-related crime?

• A)The demand for illegal drugs is inelastic.
• B)Interdiction results in drug addicts having a greater need for quick cash.
• C)Interdiction results in an increase in the amount of money needed to buy the same amount of drugs.
• D)Government drug programs are more lenient now with drug offenders than they were in the 1980s.

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Definitions:

Monopolist

An entity that is the sole provider of a particular good or service, allowing it to control market prices.

Total Profit

The overall financial gain made by a business after all expenses have been subtracted from the total revenues.

Demand Elasticities

Measures the responsiveness of demand for a good or service to changes in its price, income levels, or other factors.

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on factors like demand, cost of service, or market competition.