Those Who Support Legalizing the Sale and Use of Cocaine

Multiple Choice

Those who support legalizing the sale and use of cocaine and heroin argue that:

A) demand is highly inelastic, so legalization would reduce expenditures on drugs and reduce street crime.
B) demand is highly elastic because there are so many substitutes for these drugs.
C) addict demand is inelastic, but the demand by occasional users is elastic.
D) addict demand is elastic, but the demand by occasional users is inelastic.