week 2_ Economics_ discussion

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***

WORD COUNT:

Response to discussion post: 175 words

Response to (2) classmate replies: 125 EACH (250 Words total) 

TOTAL WORDS FOR BOTH PORTIONS OF ASSIGNMENTS: 425