Drug dealers and raises the costs of dealing illegal drugs

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Reference no: EM13894162

If the government tightens up on drug dealers and raises the costs of dealing illegal drugs, then the drug addicts' dollar expenditures to feed their addiction will tend to:

1-Increase because their demand is price-elastic

2-Decrease because their demand is price-Inelastic

3-Decrease because their demand is price-elastic

4-Increase because their demand is price-Inelastic

Reference no: EM13894162

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