Copy of Mircoecon hw 2 - Broedy Field Chapter 3 13 legalization would increase buyers or people wanting to purchase the drug the demand curve would

Copy of Mircoecon hw 2 - Broedy Field Chapter 3 13...

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Broedy Field Chapter 3 13.) legalization would increase buyers or people wanting to purchase the drug, the demand curve would move right. If more people are wanting to buy then as previous things of this nature have shown me that sellers would increase. Supply also moving right with demand. Making the equilibrium price higher. 23.) a.) equilibrium price rises and quantity price rises b.) equilibrium price falls and quantity price falls c.) equilibrium price falls and quantity price rises d.) equilibrium price rises and quantity price falls e.)equilibrium price rises and quantity stays the same f.)equilibrium price stays the same and quantity price rises g.) equilibrium price rises and quantity price falls h.) equilibrium price rises more than quantity price rises i.) equilibrium price rises less than quantity price rises j.) equilibrium price falls more than quantity price falls k.) equilibrium price falls less than quantity price falls Chapter 4 9.) Price ceiling is basically how much something can be, like a restriction. Same

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