Monday, January 08, 2007

Photo & Fact

Vials for crack-cocaine found in an alley in Baltimore, Maryland

Photo by: Stephen A. Bess
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Over time, as the suppliers figured out how to make crack more easily, the price of crack fell dramatically,” says Levitt. “Therefore, an addict could consume much more crack with the same amount of income. The number of people using crack has fallen, but the total amount of crack consumed hasn’t fallen nearly as much because each addict is consuming much more.”
Sources:
http://www.chicagogsb.edu/
(The Economics of an Illicit Drug Market, April 2006)
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