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What kind of effect does legislation have on a negative externality of consumption diagram? Do production costs increase and thus supply shifts to the left? Or does demand decrease? Or does it depend on the context and both could happen?
Through the decades and numerous tragic shootings, the 2nd amendment has protected the right of almost any american to bear arms. Despite the constant onslaught of opposition and gun violence, powerful lobbyist groups and right-wing america have preserved this right. That being said in the wake of the Sandy Hook shooting, political analysts say that change is in the air. Do you agree or disagree?