Based on Lectures 4 and 5 Using simple supply and demand diagrams, you should be able to show why demand abatement policies would be favoured over supply reduction policies. (Assume demand for illicit drugs is relatively inelastic.) Then, you should be able to show that since illegal markets differ from legal markets, why this conclusion may not be so straightforward. Specifically, you should be able to show that under certain circumstances, demand abatement policies may lead to the unintended consequence of increased drug consumption