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For each of the following scenarios, depict graphically the impact it has on the equilibrium quantity and price in the market for rational murder and,
For each of the following scenarios, depict graphically the impact it has on the equilibrium quantity and price in the market for rational murder and, in a separate graph, in the market for irrational murder. Briefly explain the reasoning behind your answers.
The penalty for aggravated assault is reduced by 1 year
The entertainment industry is restricted from depicting extreme violence or killings using guns especially in an unrealistic or romanticized way.
The purchase of firearms is subsidized.
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