Ask your own question, for FREE!
Economics - Financial Markets 7 Online
OpenStudy (minimato):

Another AP Macro question Assuming this initial statement is true, show the effect of increased enforcement activities on the market for illegal drugs. Use a demand and supply graph in your explanation. What are the effects on the market price and quantity?

OpenStudy (minimato):

I'm not really sure what they want me to do

OpenStudy (anonymous):

What's this "Initial statement"? Increased government enforcement will probably shift supply to the left, increase price and decrease quantity.|dw:1446124335334:dw|

OpenStudy (minimato):

Oh sorry, I thought I had put it in. The initial statement is: Attempts at controlling illegal drugs are usually targeted at suppliers. How effective is this likely to be? Let’s think about it.

OpenStudy (minimato):

@nphuongsun93

OpenStudy (anonymous):

Oh ok just what I thought then, same answer.

OpenStudy (minimato):

Thanks so much! I had the second part of the question, I just wasn't sure how to go about creating the graph, if they wanted specific numbers or something

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!