A survey show an increase in drug use by young people. in, Ask an Expert

Economics

A survey show an increase in drug use by young people. In the ensuing debate, two hypotheses are proposed:
. Reduced police efforts have increased the availability of drugs on the street.
. Cutbacks in educationefforts have decreased awareness of the danges of drug addiction.

a. Use supply and demand diagras to show how each of these hypotheses could lead to an increase in quantity of drugs consumed.

b. How could information on what has happened to the price of drugs help us to distinguish between these explanations.

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Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9498874

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