Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Question: Drug law enforcers can concentrate their efforts on reducing supply or demand, removing suppliers or removing demanders.

a. Assuming that your goal is to raise the price of drugs to a prohibitive level, should you pursue suppliers or users? What does your answer assume about elasticities of demand and supply?

b. If instead you want simply to reduce consumption and are uninterested in what happens to price, under what assumptions about elasticities should you target users rather than sellers?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M92494087
  • Price:- $15

Priced at Now at $15, Verified Solution

Have any Question?


Related Questions in Microeconomics

Question a there are some status goods like rolex watches

Question: A. There are some "status goods," like Rolex watches, that people want to own because they are expensive. In contradiction to the law of demand, if Rolex watches were less expensive, few "status-seeking" consum ...

Question a group of 10 people have the following annual

Question: A group of 10 people have the following annual incomes: $55,000, $30,000, $15,000, $20,000, $35,000, $80,000, $40,000, $45,000, $30,000, $50,000. Calculate the share of total income received by each quintile of ...

Question you are paying a series of five constant-dollar or

Question: You are paying a series of five constant-dollar (or real-dollar) uniform payments of $1830.5 beginning at the end of first year. Assume that the general inflation rate is 30.37% and the market interest rate is ...

Question what happens to a firms expansion path if one of

Question: What happens to a firm's expansion path if one of its inputs permanently falls in price while the price of the other remains constant? The response must be typed, single spaced, must be in times new roman font ...

Uestion review the business intelligence dashboard samples

uestion: Review the business intelligence dashboard samples. Using this and what you have learned so far create a business requirements document for an analytic project either using experiences from your work or your per ...

Question 1 conside rthe general effect of the discount rate

Question: 1. Conside rthe general effect of the discount rate on the dynamic efficient allocation of a depletable resource across time. Suppose we have two versions of the two-period model discussed in Chapter 6. The two ...

Question topic the annual budget deficit in the usmake an

Question: Topic: The Annual Budget Deficit in the US Make an assessment as to whether any of the collaborative models - such as the mega-community model or some of the approaches discussed in Friedman's writings offer ho ...

Question thinking about famous corporate scandals like

Question: Thinking about famous corporate scandals like Enron and WorldCom, some analysts have suggested that these are the tip of the iceberg and that there are many other large corporations whose problems have not yet ...

Question suppose a consumer is consuming a bundle of goods

Question: Suppose a consumer is consuming a bundle of goods X and Y which lies on their budget constraint. If the indifference curve which runs through this bundle is steeper than the budget constraint, explain what the ...

Question bricklaying is a labour-intensive activity one hod

Question: Bricklaying is a labour-intensive activity. One Hod carrier can provide mortar for two bricklayers (A Hod carrier is a labourer who carries material for the bricklayer). If the company attempted to increase pro ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As