Ex4Mon - Did you watch the Superbowl 1 Yes the whole thing...

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Did you watch the Superbowl? Yes, the whole thing. Part of it. No 40% 24% 35% 1. Yes, the whole thing. 2. Part of it. 3. No
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If the police confiscate drugs and resell them at market price, with no other punishment for sellers or buyers, the outcome is the same as if they didn’t confiscate at all. 52% 48% 1. True 2. False
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Why is that? The confiscations push the supply curve upwards. This results in a higher equilibrium price and lower consumption. If you don’t see how this works, think about the comparison between sessions 2 and 3 of our experiment.
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A credible education program about negative health effects of a drug would Shift the supply curv... Shift the demand cur.. Shift the demand cu... Shift the supply curv... 3% 2% 93% 3% 1. Shift the supply curve
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