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True or false: The elasticity of illicit narcotics is elastic, meaning that if they were legalized, demand would increase significantly. This is because people who
True or false: The elasticity of illicit narcotics is elastic, meaning that if they were legalized, demand would increase significantly. This is because people who were previously hesitant would now see drugs as an escape, leading to a surge of new or curious individuals. Legalization would also result in a significant reduction in prices, leading to increased consumption. However, this increase in drug use would also increase the number of addicts, straining social systems and society. Therefore, it is advisable to keep any currently illegal drug prohibited and not legalize it, as the greater strain on society may not be easily absorbed by other factors like tax benefits
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