Illustrate the effect of the burn on the quantity of tusks


Problem

In a symbolic gesture against poaching, Kenyan President Daniel arap Moi burned 2,500 elephant tusks. Does this make sense from an economic standpoint? Using a graph, illustrate the effect of this burn on the quantity of tusks supplied illegally by poachers, assuming that the 2,500 burned tusks would otherwise have been on the market legally, and that the remaining supply comes from poachers. How would your answer change if worldwide media coverage of the event dissuaded potential consumers of ivory?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Illustrate the effect of the burn on the quantity of tusks
Reference No:- TGS02114837

Expected delivery within 24 Hours