Asked by

Lenard Norris
on Oct 08, 2024

verifed

Verified

An antidrug policy that reduces the supply of heroin might:

A) increase street crime because the addict's demand for heroin is highly inelastic.
B) reduce street crime because the addict's demand for heroin is highly elastic.
C) reduce street crime because the addict's demand for heroin is highly inelastic.
D) increase street crime because the addict's demand for heroin is highly elastic.

Inelastic Demand

A situation in which the demand for a product does not significantly change in response to price changes, often because there are few or no substitutes available.

Antidrug Policy

Government or organizational policies aimed at reducing the production, distribution, and consumption of illegal drugs.

Street Crime

Refers to criminal acts that occur in public places such as theft, vandalism, assault, and robbery.

  • Understand the concept of price elasticity of demand and its effects on revenue and employment.
  • Recognize how elasticity influences the response to economic policies and market changes.
verifed

Verified Answer

GM
Gianna MitchellOct 12, 2024
Final Answer:
Get Full Answer