Please answer the following questions:
1. What are the differences between the application of strict enforcement against the drug abuse on the
supply side and the demand side of the market of opioids?
2. Which measures mentioned in the video would affect the demand side of the market; which are those
that will be impacting the supply side?
3. What is the U.S. history of the war on drugs (in general): decreasing demand or decreasing supply up
to the present. (Mention different government administrations)
4. Use the graph of supply and demand to explain the characteristics of the market of hard drugs. What
do you expect if the policy affects the supply only; or, if the policy affect the demand only. (Shift first the
demand and keep the supply fixed. Then in other graph shift the demand and set the supply fixed).
5. Imagine that you are an economist working as a policy maker at the U.S. Department of Health and
Human Services. You have to use your economic analysis to provide a well support recommendation.
What would be your advice about the impact of elasticity price of the demand of hard drugs on the
policy to control the crime issues? Do you advocate prohibition drugs? Why? or you advocate
legalization of drugs? Why?
Requirements:
Paper must be between 500-650 words.
MLA format required – All sources of information should be cited, including text or videos. Direct
definitions, phrases, and ideas should be quoted as well as cited.
1. I am expecting 500 words or more. There is no a maximum but there is a minimum of 500 words. You must show this number at the right top of the first page. I will not count them. If it is not posted it will takes you points down.2. Your name, your course name and section most appear in the front page at the top.3. The title of the project .4. The body of the project: (Starting count the words) I am expecting at least 5 paragraphs: (Please separate them) a. Introduction (Check MLA format). First paragraph. b. One paragraph for answering every question. It will be three paragraphs for the three questions, one paragraph for each one. For the Microeconomics topic, you will need to use graphs of the price and quantity in equilibrium to explain separately the impact of the two strategies to control the drugs consumption: on the demand side; and, on the supply side. (Minimum of two graphs). c. The conclusion. One paragraph
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