Answer to Question #268554 in Economics for yae

Question

Subj: Intro to Economics with LRT

Video: https://youtu.be/aiOLkRRyrIo

1. What is the reason why drugs is an inelastic demand? explain the say's law and which they tried to reduce the supply, but the notion of these theory is not always the case. Explain clearly why, based on the video.

2. They tried to reduce the demand througu rehabilitation and prevention, but no avail and it made it worse, why is that? Explain clearly based on the video.

3. On the video, could legalization be a solution to this issue? yes or no then explain. Also, kindly enumerate at least 3 disadvantage and advantage based on your final answer. Explain clearly each.

4. What is the "The Controlled Substances Act (CSA)"that was enacted by President Nixon in the 1970s? Explain the reason why he issued it and how it started?

Answer 1

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