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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

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 and that more people will use these drugs. Suppose some of these drugs are legalized so that anyone may sell them and use them. Now consider the two claimsthat price will fall and quantity demanded will increase. Based on positive economic analysis, are these claims sound?

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