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16 Oct 2020
Suppose the cost of breaking the law is imposed on the sellers of an illegal good. This action will have its biggest impact on quantity if the demand for the good is A. elastic or the supply is inelastic. B. inelastic or the supply is inelastic. C. perfectly inelastic. D. elastic or the supply is elastic. E. inelastic or the supply is elastic.
Suppose the cost of breaking the law is imposed on the sellers of an illegal good. This action will have its biggest impact on quantity if the demand for the good is A. elastic or the supply is inelastic. B. inelastic or the supply is inelastic. C. perfectly inelastic. D. elastic or the supply is elastic. E. inelastic or the supply is elastic.
Richa AroraLv10
11 Feb 2021
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