Do you believe the elasticity of illicit narcotics is inelastic and if legalized demand will not increase?
Question:
Do you believe the elasticity of illicit narcotics is inelastic and if legalized demand will not increase? Do you also believe that many of society's social ills associated with drugs will ease not only from the narcotics being legalized, but also from the taxes garnered from its legalization used to assist addicts? Or do you believe the elasticity of illicit drugs is elastic and if legalized the demand for these drugs will increase? Do you also believe that by legalizing illegal drugs will create addicts out of those who simply "dabble" in drugs thus putting a further strain on society, which the tax benefits gained from legalizing it cannot absorb?
Please explain the reason behind your viewpoint. Here are two varying viewpointsregarding illegal narcotics from the Financial Times,
Mergers Acquisitions And Other Restructuring Activities
ISBN: 9780128016091
9th Edition
Authors: Donald DePamphilis