Portion 1( Due Today)
Respond to the following in a minimum of 175 words:
- Read the following statement and discuss if you agree or disagree, and your rationale: If the demand of illegal drugs is inelastic, increased arrests of illegal-drug sellers will increase total expenditures on illegal drugs.
- Discuss at least 2 reasons for the change in this scenario: Early suppliers of more fuel-efficient cars were able to charge premium prices for them, but that ability faded as other suppliers adopted similar technologies.
Portion 2- (Due Monday)
Reply to at least 2 of your classmates. Be constructive and professional in your responses.
***Classmate Response attached***
Response to discussion post: 175 words
Response to (2) classmate replies: 125 EACH (250 Words total)
TOTAL WORDS FOR BOTH PORTIONS OF ASSIGNMENTS: 425