Recall the Application about the price of vanity license plates in Virginia to answer the following question(s) .
-Recall the illustration regarding antidrug policies and property crimes.What is the connection between antidrug policies and property crimes such as robbery,burglary,and auto theft?
A) An antidrug policy that increases drug prices will reduce drug consumption, but will also increase the amount of property crime committed by addicts who continue to abuse drugs.
B) An antidrug policy that increases drug prices will reduce drug consumption, but will also decrease the amount of property crime committed by addicts who continue to abuse drugs.
C) The demand for illegal drugs is elastic, the increase in price will increase total spending on illegal drugs.
D) The demand for illegal drugs is inelastic, the increase in price will decrease total spending on illegal drugs.
Correct Answer:
Verified
Q47: An art museum raises its admission price,
Q79: The price elasticity of demand for tomatoes
Q80: Maria raised the price of her burritos
Q81: When measured along a linear downward-sloping demand
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents