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34kurt
4 years ago
14

The consequences of decriminalizing illegal drugs have long been debated. Some claim that legalization will lower the price of t

hese drugs and reduce related crime. Others claim that more people will use these drugs.
Suppose that some of these drugs are legalized so that anyone may sell and use them. Now consider the two claims that price will fall and quantity demanded will increase.
a) Based on positive economic analysis, are these claims sound? Give reasons to support your answer.
Business
1 answer:
stellarik [79]4 years ago
5 0

Answer:

These claims are definitely sound due to the fact that whenever any demanded thing is sold privately or illegally, the price of that particular thing is always higher.

Hence, when the drugs are legalized , this means that anyone can purchase them from several location, hence, this will reduce the price of the drug as it will now be common and will increase the quantity demanded of the product as well because the people who once were not able to afford that drug due to being expensive, can now easily afford it.

Good Luck

Hope this clear things up.

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<u>Answer:</u>

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Accounts receivable, net of the allowance for doubtful accounts is called:.
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<h3>What is net realizable value?</h3>

Net realizable value is the method of knowing the value of asset that is held as inventory. The purpose of this method is to avoid overstating or understating the value of an goods in inventory.

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Learn more about net realizable value here : brainly.com/question/794345

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Fashion house uses the retail method to estimate ending inventory in his monthly financial statements the following information
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If we used the retail method to estimate the ending inventory first we get the given of the problem that can be used in solving.
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CRR= -------------   =   0.58
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Next is to get the ending inventory by following this steps
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- Sales                                                                        $200,000
                                                                                  ------------------
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x Cost to Retail Ratio                                                           .58
                                                                                  ------------------
Ending Inventory                                                       $145,000

So, the estimated ending inventory for the month of July is $145,000. 
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