The effect of legalization of marijuana on price and quantity would be

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Legalization of marijuana typically leads to an increase in supply as it allows more producers to enter the market legally. This increased supply, assuming demand remains constant or does not increase at the same pace, generally leads to a decrease in price. However, the quantity consumed is expected to increase because the lower price makes it more accessible, and the legal status may encourage more users.

The Effect of Legalization of Marijuana on Price and Quantity