How would you sketch a demand and supply curve with the CBL factored in for an illegal good?
http://i433.photobucket.com/albums/q...ell24/econ.jpg
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How would you sketch a demand and supply curve with the CBL factored in for an illegal good?
http://i433.photobucket.com/albums/q...ell24/econ.jpg
The cost of breaking the law is added to the minimum supply price. The supply line is parallel to and above the old supply line