Talk:Economic shortage

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The version written by "Nikodemos" absolutely blows. Oh, and it is wrong too. Economics is a science, and it requires precise writing, and that article doesn't have it. But who's keeping track anyway... For a more accurate version, you'll have to read the version here: [1]

[edit] Drug Prohibition Example

Equating a ban on drugs to a price ceiling of 0 is questionable. Wouldn't that imply it's still legal to sell drugs at a negative price, ie. pay someone to take drugs? Also, price ceilings of 0 are imposed on some legal products. For example, British restaurants are required by law to provide tap water free of charge. Clearly two very different scenarios.

The threat of punishment adds to the opportunity cost of drug ownership, which means higher cost of production and consumption, ie. an upward shift in the both the supply and demand curve, and not a price set below the intersection of the two curves associated with a shortage.

I suggest deleting this example and replacing it with a clearer one, such as traffic congestion Klafubra 10:44, 23 May 2006 (UTC)