A drug interdiction program that successfully reduces the supply of illegal drugs in the United States likely will
A)raise the price,reduce the quantity,decrease total revenues,and decrease crime.
B)lower the price,increase the quantity,increase total revenues,and increase crime.
C)raise the price,increase the quantity,decrease total revenues,and increase crime.
D)raise the price,reduce the quantity,increase total revenues,and increase crime.

Question

Quizplus · Accepted Answer

Reducing supply raises prices and reduces quantity. Higher prices can increase total revenues if demand is inelastic, and higher prices may lead to increased crime as users seek funds.

A Drug Interdiction Program That Successfully Reduces the Supply of Illegal