Now consider the equilibrium between supply and demand. Critique a policy of (a) full legalization (b) penalizing use only (c) penalizing supply only and (d) penalizing both use and supply
Now consider the equilibrium between supply and demand. Critique a policy of (a) full legalization (b) penalizing use only (c) penalizing supply only and (d) penalizing both use and supply
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Hi there, can you please help me understand the below question with diagrams if possible? Specifically the varying effects on supply and
Critically assess an argument to legalize drugs using a simple supply and demand framework. Take as your benchmark a policy of full legalization (no penalties for supply or demand).
Now consider the equilibrium between supply and demand. Critique a policy of (a) full legalization (b) penalizing use only (c) penalizing supply only and (d) penalizing both use and supply
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