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ECONOMICS.200.SILBERBERG.WINTER.2005.QUIZ 2

ECONOMICS.200.SILBERBERG.WINTER.2005.QUIZ 2 - 2 3...

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Unformatted text preview: 2: 3%) 36% (eawwo’r Vii/1W Economics 200A Quiz 2 Name E m \ The demand curve for heroin for some unit dose is: / P $100 90 80 70 60 50 30’\.20' 10 Q 1112 13 14 15 16 18 19) 20 l. The current price of heroin is $30. Calculate the demand elasticity at this price. Is the demand elastic or inelastic at this price? 2. Suppose you are a consultant to the Drug Enforcement Agency. They are planning on increasing efforts at drug interdiction at our borders, in order to decrease the available supply of heroin. What consequences of this policy might you point out to them, in particular, its effect on drug-related crime? Tb: dew-01:16:15 melaShc I I w flLiO \B O {‘l ldcvri‘L/Ilnx lml‘i / a: memo; cum“, 1- “O 6.. 1 30- so - we a W -- ...-/ "‘ ‘k— ___1 /'s\9 2. WCWBL Harem '13 am. arm moslr adiekd circa; stow, (ij Dubai (1ka {0 ?Y10L \S ’h) extimvx Li". Pg but; am 5% QM Tim alcove. praum Wu. “J iltrom [5 ARMY W'lobhc WHWSL [is oémfimj glaJhaJ-y [j “JOEY: l‘l: 5.415%")! m DEA wlwrs ht cruel; duh/*4 0“ ombl‘l' Wodlc’ mart 73c - QUauMY 3° gum loo-l” Sim, \r to“ 50 35am. TLL gnu, wwlc/ r155 cms'iduololy am! [5555!1/16 H‘ ’5 43113“ ”NW Sara, iréflt WW/a/ (1471/ WWW‘( m QVVR. Drug) Mk6 W-Wtd also ‘iVy 1‘13 bmj In mum; ‘ 7L1), Nadia! Wilh ”MW, a, “‘qu 6&1»an r W cm flay m-kwr TLcVM, l” 54} 1”" titre-m hawk (“N PYICL Is :50 expensive, MUMy-rijW Qfllbfli ”rial/1+ “i515 Jvfi-f— Shfii’ 7‘2! SUI finm RMUM, 0F haw chk many Hr would Wicca, 'll/Wh, Tim; div) Elfin); Elma (“‘30 7A qu’Tl'li‘y of ”firgim bum/J4 W15 aiming Wald E1, SMVWLMB' 1+ 1h MUM brings» of TL» (my, Prda’l' 11.7 cle mufl‘ MUN MiGVi‘WJ‘K‘I fig VP“? ELM“ math m wow CM! 6"”63 war“. WEN» "Fm "luau; COWvavs (AM mama to th aw? 77A Seamus; 94‘ 011415. ...
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