Author Question: Compared to the situation in which a good is legal, making the good illegal and imposing ________ ... (Read 51 times)

penguins · **on:** Jun 29, 2018

Compared to the situation in which a good is legal, making the good illegal and imposing ________ results in less being sold.

A) a much higher fine on sellers than on buyers
B) a much higher fine on buyers than on sellers
C) any fine on either the buyer or the seller
D) all of the above

Question 2

Suppose the price of oranges rises. As a result, the

A) supply of orange pickers increases.
B) supply of orange pickers decreases.
C) demand for orange pickers increases.
D) demand for orange pickers decreases.