A former senator from New York once proposed a high federal sales tax on ammunition as a way to achieve gun control without violating the second amendment to the U.S. constitution. How might this proposal work? Select one: O a. By increasing the cost of a complement, it would decrease the demand for guns. O b. By increasing the cost of producing a gun, it would decrease the supply of guns. O c. By increasing the cost of using the gun, it would decrease the supply of guns. O d. By increasing the cost of a substitute, it would decrease the demand for guns.

A former senator from New York once proposed a high federal sales tax on ammunition as a way to achieve gun control without violating the second amendment to the U.S. constitution. How might this proposal work? Select one: O a. By increasing the cost of a complement, it would decrease the demand for guns. O b. By increasing the cost of producing a gun, it would decrease the supply of guns. O c. By increasing the cost of using the gun, it would decrease the supply of guns. O d. By increasing the cost of a substitute, it would decrease the demand for guns.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In an effort to curb gun violence, some US cities are implementing gun buyback programs. Localpolice departments will buy back guns from the public, no questions asked. For such programs to beeffective, what must be true about the elasticity of demand and supply? Explain your reasoning withdemand-supply diagrams.
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