QuestionAugust 11, 2025

The legalization of marijuana is likely to Increase the price of marijuana Increase quantity of marijuana Decrease quantity of marijuana Decrease the price and quantity of marijuana

The legalization of marijuana is likely to Increase the price of marijuana Increase quantity of marijuana Decrease quantity of marijuana Decrease the price and quantity of marijuana
The legalization of marijuana is likely to
Increase the price of marijuana
Increase quantity of marijuana
Decrease quantity of marijuana
Decrease the price and quantity of marijuana

Solution
4.0(231 votes)

Answer

Decrease the price and increase the quantity of marijuana Explanation 1. Analyze Market Effects of Legalization Legalization typically increases supply due to reduced production and distribution costs, leading to a rightward shift in the supply curve. 2. Determine Price and Quantity Changes With increased supply, the equilibrium price generally decreases, while the equilibrium quantity increases.

Explanation

1. Analyze Market Effects of Legalization<br /> Legalization typically increases supply due to reduced production and distribution costs, leading to a rightward shift in the supply curve.<br /><br />2. Determine Price and Quantity Changes<br /> With increased supply, the equilibrium price generally decreases, while the equilibrium quantity increases.
Click to rate:

Similar Questions