ECO/561- 3 substantive post

Respond to the following in a minimum of 175 words:

Discussion 1

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.

Reply to at least 2 of your classmates. Be constructive and professional in your responses.

#2 will add later

#3 will add later