For a previously illegal good, decriminalization will cause

Question

Quizplus · Accepted Answer

Decriminalization is likely to result in a decrease in the price of the good since the costs associated with producing and distributing it legally are likely to be lower than the costs of doing so illegally. As a result, there will be an increase in demand for the good since it is now more readily available and cheaper to purchase. Additionally, since the product is no longer illegal, consumers may be more willing to openly discuss and openly access the previously forbidden product.

For a Previously Illegal Good, Decriminalization Will Cause