If penalties are imposed only on buyers (but not on sellers) of marijuana, the equilibrium price of marijuana will _______, and the equilibrium quantity of marijuana sold _______.

Question

Quizplus · Accepted Answer

If penalties are imposed only on buyers (but not on sellers) of marijuana, the demand curve will shift to the left, leading to a fall in the equilibrium price and a decrease in the equilibrium quantity of marijuana sold.

If Penalties Are Imposed Only on Buyers (But Not on Sellers)