Business, 03.04.2021 03:10 iamabouttofail

There is a debate about whether sterile hypodermic needles should be passed out free of charge in cities with high drug use,. Proponents argue that doing so well reduce the incidence of diseases, such as HIV/AIDS, that are often spread by needle sharing among drug users. Oppenents believe that doing so will encourage more drug use by reducing the risks of this behaviour. As an economist asked, to assess the policy, you must know the following : i) How responsive the spread of diseases like HIV/AIDS is to the price sterile needles and
ii) How responsive drug use is to the price of sterile needles.
Assuming that you know these two things, use the concepts of price elasticityof demand for sterileneedle and the cross-price elasticity between drugs and sterile needles to answer the following questions.
a) In what circumstances do you believe this is a beneficial policy?
b) In what circumstances do you believe this is a bad policy?

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