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2 years ago

A drug interdiction program that successfully reduces the supply of illegal drugs in the United States likely will

Business

1 answer:

Darya [45]2 years ago

3 0

Answer:

The answer is: D) raise the price, reduce the quantity, increase total revenues, and increase crime.

Explanation:

According to the law of supply and demand, when the supply of any given product is artificially lowered, the supply curve will shift:

this will cause the price of that product to increase
the profit margin of the suppliers will increase, increasing total revenue
since illegal drugs would increase in crime, we can expect an increase in the crime rate on drug related crimes (e.g. addicts robbing).

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The forces of adjustment to market equilibrium are the natural forces of suppliers to make profit and consumers to maximize thei

Charra [1.4K]

The word that completes the sentence that relates to the suppliers' profit maximized at equilibrium is demand. Demand is related to the consumer. At equilibrium, the supplier's profit is maximized at the same time the consumer's demands are optimized.

6 0

3 years ago

during an external information search, a consumer is most likely to enlarge his search and consider more alternative brands when

iren2701 [21]

During an external information search, a consumer is most likely to enlarge his search and consider more alternative brands when the perceived risk of the product or service to be purchased increases.

This is further explained below.

<h3>What is a product?</h3>

Generally, A physical thing that is offered for sale for purchase, attention, or consumption is referred to as a commodity.

On the other hand, an intangible item that comes from the work of one or more humans is referred to as a service.

In conclusion, When a customer perceives an increased level of risk associated with the product or service that will be bought, he is more likely to broaden the scope of his search and take into consideration a greater number of alternative brands.

This occurs during an external information search.

Read more about product

brainly.com/question/22852400

#SPJ1

8 0

8 months ago

Of those listed below, the best example of a pure public good is a. a public school b. a radio broadcast c. a hardcover copy of

Rufina [12.5K]

Answer:

b. a radio broadcast

Explanation:

The pure public good is a good which is non-rivalrous and non-excludable. Non-rivalrous represents that the goods does not diminshed in the case when more people consumed it while on the other hand, the non-excludable represents that the goods are available to all

Therefore as per the given options, the option b is correct

hence, the other options are incorrect

7 0

2 years ago

The amount of time from one credit card bill to the next is called the _.

BARSIC [14]

Grace period is the answer aka c

5 0

3 years ago

pure monopolist who is nondiscriminating must decrease price on all units of a product sold in order to sell additional units. T

coldgirl [10]

Answer: b. Marginal revenue is less than average revenue

Explanation:

Marginal revenue is the extra revenue received by selling one more unit of a good while Average revenue is the revenue generated on average by all units sold thus far.

If the monopolist has to reduce prices to sell more goods then it would mean that for every unit sold, the price would have reduced compared to the price of the last unit which translates to less revenue coming in per unit compared to the last unit.

On the other hand, on average, the higher prices of the earlier goods sold would keep the average revenue higher than the additional revenue (marginal revenue).

8 0

2 years ago