Why did the Israeli-Palestinian peace process fail between 1990 and 2001?
This essay will critically evaluate how increased risk and increase price of the illicit drug and whether the price increases is harmful to consumers. Increased risk in this contest can be defined, as policies adopted by the authority to curtail the flow, cultivation and distribution of illicit drug or crops from which these drugs are derived. The risk associated with illicit drug trade could be policies adopted by the authority to stop or curtail the supply chain of illicit drugs. These policies could be curtailment, police surveillance, international border post control and seizures. The price and risk model proposed by Peter Ruth and Mark Klienman, looked at the supply side of the drug market, which shows that when there is the high risk of control, it will affect the availability of drug and pricing. When the drug price is low, the availability of drug is high and these results to increased consumption. Increasing drug enforcement usually contributes to the level of drug demands, as when an addict or drug dealer is apprehended there is more added risk of such person be arrested or punished for drug handling and this will definitely discourage consumers. Secondly if the price increases as a result of the punitive measures to limit the flow of drugs the amount of illicit consumption will drop. This theory worked well in the case of Marijuana, when the price of marijuana rose constantly from 1974 to 1984, although it rises eight times in potency (THC content). In contrast to the 1984-1989 drug war, the price went up sharply with little changes However, when the risk of obtaining illicit drug is high, the supply chain will be low, increasing the price of the drug and this leads to the lower availability of the drug, therefore, lowering consumption. The price of illicit drugs is not regulated by the authority or enforceable through the legal system rather, the price is determined by the traffickers who are willing to continue and encourage the production of the crop (opium). If the Law enforcement agent intervenes by destroying the illicit crops farm, the producers will ha>GET ANSWER