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Author Question: Suppose penalties are imposed on both buyers and sellers of marijuana, but the cost of breaking the ... (Read 82 times)

KimWrice

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Suppose penalties are imposed on both buyers and sellers of marijuana, but the cost of breaking the law to sellers is greater than that to buyers.
 
  This measure will ________ the equilibrium price of marijuana and ________ the equilibrium quantity of marijuana sold. A) lower; increase
  B) raise; increase
  C) raise; decrease
  D) not change; will decrease

Question 2

The above figures show the market for hamburger meat. Which figure shows the effect of a decrease in the price of a substitute like hot dogs?
 
  A) Figure A
  B) Figure B
  C) Figure C
  D) Figure D


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yahahah24021

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KimWrice

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


ghepp

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Reply 3 on: Yesterday
Wow, this really help

 

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