Question

A good economy causes incomes to increase.If and illegal drug called pizzazz is ainferior good

Demand for pizzazz would shift left and supply for pizzazz would be unchanged.

Demand for pizzazz would shift left and supply for pizzazz would shift right.

Demand for pizzazz would shift left and supply for pizzazz would shift left.

Question 2

A good economy causes incomes to decrease.If and illegal drug called pizzazz is ainferior good

Demand for pizzazz would shift left and supply for pizzazz would shift left.

Demand for pizzazz would shift right and supply for pizzazz would be unchanged.

Demand for pizzazz would shift left and supply for pizzazz would be unchanged.

Question 3

The government crackdown on Fizz causes the market equilibrium for the illegal drug to move from(30,$24)to(20,$27).This is due to supply shifting left and demand being unchanged. The demand curve along this range is _______ and the government policy causes revenue to change from_____ to ______.

inelastic, $800. $1200

elastic, $720, $540

elastic, $800, $1200

Question 4

A government crackdown on drug dealers willreducerevenue in the drug market if demand for drugs is

negative

elastic

inelastic