Solved

If the Purchase and Sale of Marijuana Becomes Legalized

Question 14

Multiple Choice

If the purchase and sale of marijuana becomes legalized


A) the equilibrium price and quantity will both rise.
B) the equilibrium price will fall,but the change in equilibrium quantity depends upon whether the demand curve shifts rightward more or the supply curve shifts rightward more.
C) the equilibrium quantity will rise,but the change in equilibrium price depends upon whether the demand curve shifts rightward more or the supply curve shifts rightward more.
D) the equilibrium price and quantity will both fall.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents