Assume the demand for crack cocaine is inelastic and that users get the funds to pay for their crack by stealing. Suppose that the government increases penalties on suppliers of crack cocaine, which reduces the number of dealers. Using only this information, predict what will happen to the revenues of remaining crack dealers and the amount of crime committed by crack users.
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Home » Business » Assume the demand for crack cocaine is inelastic and that users get the funds to pay for their crack by stealing. Suppose that the government increases penalties on suppliers of crack cocaine, which reduces the number of dealers.