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EconLog Price Theory: Fentanyl – Econlib

EconLog Price Theory: Fentanyl – Econlib
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We’re bringing again value idea with our collection on Worth Principle issues with Professor Bryan Cutsinger. You may see all of Cutsinger’s issues and options by subscribing to his EconLog RSS feed.

Share your proposed options within the Feedback. Professor Cutsinger might be current within the feedback for the following couple of weeks, and we’ll put up his proposed resolution shortly thereafter. Might the graphs be ever in your favor, and lengthy stay value idea!

 

Query: Suppose the demand for fentanyl is completely inelastic, and that the customers of fentanyl steal from others to amass the cash to pay for it. In an effort to crack down on fentanyl use, the federal government imposes harsher penalties on suppliers of fentanyl, decreasing its provide. How will this coverage have an effect on the quantity of stealing by fentanyl customers?



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