what's the elasticity of demand for drug,What factors make
Question # 00656775
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Updated on: 03/01/2018 08:50 AM Due on: 03/01/2018
Based on the article,
- what's the elasticity of demand for drug use, e.g. is Ed >1, <1, or =1? What factors make it so?
- what's the elasticity of supply for drug dealing, e.g. is Es >1, <1, or =1? What factors make it so?
- What are the results of a decrease (leftward shift) in the supply of drugs, e.g. what happens to the price and quantity of drugs?
- What are the results of a decrease (leftward shift) in the demand for drugs e.g. what happens to the price and quantity of drugs, and drug revenue?
http://cumberlink.com/news/local/closer_look/roadblocks-to-recovery-economics-and-the-war-on-drugs/article_48cde022-8d8f-5095-bc03-12758e833d70.html
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Solution: what's the elasticity of demand for drug,What factors make