Multiple Choice
The federal government is proposing legalization of marijuana.If it becomes legal,it is likely that there would be an increase in the supply of marijuana.Advocates of marijuana legalization argue that this would significantly reduce the amount of revenue going to the criminal organizations that currently supply marijuana.What do these advocates believe about marijuana
A) The supply for marijuana is price elastic.
B) The demand for marijuana is price elastic.
C) The supply for marijuana is price inelastic.
D) The demand for marijuana is price inelastic.
Correct Answer:
Verified
Correct Answer:
Verified
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