US officials have decided to publicly destroy one ton of illegal ivory, in an effort to reduce poaching.
Now, I'm no PhD economist, so I'll put it to my readers: What happens to the price of something valuable when its supply is reduced?
And a follow-up question: What happens to the supply of something valuable when its price increases?
And, uh... not to put too fine a point on it... How might the supply of ivory be increased?
Now, I'm no PhD economist, so I'll put it to my readers: What happens to the price of something valuable when its supply is reduced?
And a follow-up question: What happens to the supply of something valuable when its price increases?
And, uh... not to put too fine a point on it... How might the supply of ivory be increased?
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