Assume the demand for crack cocaine is inelastic and that users get the funds to pay for their crack by stealing. Suppose that the government increases penalties on suppliers of crack cocaine, which reduces the number of dealers. Using only this information, predict what will happen to the revenues of remaining crack dealers and the amount of crime committed by crack users.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Assume the demand for crack cocaine is inelastic and that users get the funds to pay for their crack by stealing. Suppose that the ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
A buyer signs an earnest money agreement and gives it to the broker who showed her the property she is buying. After leaving the broker's office, she reconsiders and decides she prefers a different property.
Answers (1)
What are the 9 steps in the decision making process?
Answers (1)
Because interest rates have fallen, a company retires bonds which had been issued at their face value of $240,000. The company bought the bonds back at 96.00. The journal entry to record this retirement includes a debit of:
Answers (1)
Neptune Accounting Services expects its accountants to work for 26 comma 000 direct labor hours per year. The company's estimated total indirect costs are $ 221 comma 000. The direct labor rate is $ 70 per hour.
Answers (1)
Dimon Products' sales are expected to be $5 million this year, with 90% on credit and 10% for cash. Sales are expected to grow at a stable, steady rate of 10% annually in the future.
Answers (1)
New Questions in Business
a risk averse investor, which of the following four otherwise identical investment would you prefer? A. Security W, which exhibits a standard deviation of 2% and offers an average return of 12%. B.
Answers (1)
n a company's merit pay program, an individual's compa-ratio represents the individual's pay relative to company's average pay for that position. the individual's worth versus that of others in the organization.
Answers (1)
Some interview questions are designed to rattle you to see how you deal with stress. True or false.
Answers (2)
Organizational culture consists of three levels: Select one: a. assumptions, orientations, and beliefs. b. beliefs, values, and artifacts. c. artifacts, assumptions, and beliefs. d. assumptions, artifacts, and values.
Answers (1)
What term refers to a set amount of money kept in the cash register to make change with? A. Excess cash B. Standard cash stock C. Cash drop D. Cash float
Answers (1)