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Read the following chapters of Principles of Economics in McGraw-Hill Connect:
Ch 4 and 7
Respond to the following in a minimum of 175 words:
Discussion 1
• 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.
Reply to at least 2 of your classmates. Be constructive and professional in your responses.
2 will add later
3 will add later
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