Will this price change lead to more or less incentive for poaching by hunters? ?
In an attempt to reduce the illegal poaching of elephant ivory tusks, officials in Kenya burned all illegally gathered ivory seized from poachers by the government. Using your understanding of shifts in supply and demand, will this turn out to be a helpful or hurtful move on the Kenyan government’s part? That is, which curve shifts when the government officials burn the confiscated ivory? As a result of this curve shift, what will happen to the equilibrium price of ivory? Will this price change lead to more or less incentive for poaching by hunters?
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