Now consider the two claims-that price will fall


Problem

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

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Now consider the two claims-that price will fall
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