question archive In the illegal drug market, dealers can sometimes dramatically decrease the purity of the product without seeing much of a decrease in sales

In the illegal drug market, dealers can sometimes dramatically decrease the purity of the product without seeing much of a decrease in sales

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In the illegal drug market, dealers can sometimes dramatically decrease the purity of the product without seeing much of a decrease in sales. On the other hand, in restaurants, a small decrease in food quality can often mean death to the business. Explain why this is true in the context of elasticity

 

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