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Assume that in the process of enforcing laws that make specific activities, e.g., black-market guns, illicit drugs, prostitution, illegal, law enforcement officials decide to focus
Assume that in the process of enforcing laws that make specific activities, e.g., black-market guns, illicit drugs, prostitution, illegal, law enforcement officials decide to focus on reducing the demand for the activity in question. Ceteris paribus, how would we expect this to affect the equilibrium in the affected market? Group of answer choices Demand would decrease, causing equilibrium price and quantity to increase. Demand would decrease, causing equilibrium price to decrease and quantity to increase. Demand would decrease, causing equilibrium price and quantity to decrease as well. Demand would decrease, causing equilibrium price to increase and quantity to decrease
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