The consequences of decriminalizing illegal drugs have long been debated. Some claim that legalization will lower the price of these drugs and reduce related crime. Others claim that more people will use these drugs.
Suppose that some of these drugs are legalized so that anyone may sell and use them. Now consider the two claims that price will fall and quantity demanded will increase.
a) Based on positive economic analysis, are these claims sound? Give reasons to support your answer.

Question

08-05-2020
Business

contestada

The consequences of decriminalizing illegal drugs have long been debated. Some claim that legalization will lower the price of these drugs and reduce related crime. Others claim that more people will use these drugs.
Suppose that some of these drugs are legalized so that anyone may sell and use them. Now consider the two claims that price will fall and quantity demanded will increase.
a) Based on positive economic analysis, are these claims sound? Give reasons to support your answer.

Respuesta :

Otras preguntas

a company's stock begins the week with a price of $43.85 per share. The price changes by $2.70 each day for 2 days. Then the price changes by -$1.10 each day fo

In The Pilgrim's Progress, what happens to Christian and his companion as they attempt to make their way through Vanity Fair?

Which of the following resources did the colonies export to Great Britain? A. furniture B. tobacco C. iron D. sugar

what is a passage followed by magma in a volcano

The length of a rectangle is three times it's width. If the area of the rectangle is 147 metes squared, find its perimeter.

Colin is buying dirt to fill a garden bed that is a 9 ft by 16 ft rectangle. If he wants to fill it to a depth of 4 in., how many cubic yards of dirt does he ne

definition for average

Why did many oppose the new Constitution?

Gwendolyn has already read 130 pages of her 400-page summer reading book. If she reads at an average rate of 45 pages per hour, long will she need to finish the

arsalanjaffriaj arsalanjaffriaj · Answer 1 · 2020-05-12T02:44:59+02:00

Answer:

These claims are definitely sound due to the fact that whenever any demanded thing is sold privately or illegally, the price of that particular thing is always higher.

Hence, when the drugs are legalized , this means that anyone can purchase them from several location, hence, this will reduce the price of the drug as it will now be common and will increase the quantity demanded of the product as well because the people who once were not able to afford that drug due to being expensive, can now easily afford it.

Good Luck

Hope this clear things up.