Question
Thank you in advance for your help. 1.Suppose you hear a politician on the news explaining their stance on drugs and drug related crime. In
Thank you in advance for your help.
1.Suppose you hear a politician on the news explaining their stance on drugs and drug related crime. In the course of the interview, it becomes very clear that they have two core tenets to their position. First, they believe that drug users are committing crimes to pay for their drug habits, including theft and muggings. Second, they therefore believe that more needs to be done to reduce the supply of drugs, including things like supplier raids, dealer busts and smuggling crackdowns. You, as a student of economics, can recognize that drug demand is inelastic, since many people become addicted to the drugs they take. Whether these two beliefs, individually, are true or not, explain why they definitely cannot go together and make a logical platform. (Hint: What does a reduction in supply do to price and quantity? How much does that change in price affect the quantity of drugs that users buy, a lot or a little? Assuming drug users do indeed commit crime to pay for their drugs, is making drugs more expensive going to reduce that crime?) ). References are not required for course material but must be provided when referencing material from outside of our assigned content
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