Quantity of drugs , Public Economics

The require for illegal drugs is inelastic. Much of the expenditure on illegal drugs comes from crime. Suppose these statements to be correct,

1.    How will a successful campaign that reduces the supply of drugs influence the price of drugs and the quantity spent on them?

2.    What will occur to the amount of crime?

3.    What is the most effective way of reducing the quantity of drugs consumed and reducing  the amount of drug-related crime

Posted Date: 3/22/2013 3:10:31 AM | Location : United States







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