Which of the following statements is correct?
A)Advocates for drug-interdiction policies that reduce the supply of illegal drugs argue that the demand for illegal drugs may be more responsive in the long run than in the short run.
B)The demand for illegal drugs is price inelastic.
C)Drug interdiction efforts that reduce the supply of illegal drugs may increase drug-related crimes.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Reducing the supply of illegal drugs can lead to higher prices, potentially increasing drug-related crimes as users seek to afford the drugs. Demand may be more elastic in the long run as users find alternatives or quit.

Which of the Following Statements Is Correct