AB224: Microeconomics Unit 3: Supply and Demand - Discussion

Topic 1 Discussion topic: Marijuana

There is much discussion in the press about several states moving to legalizing marijuana, either for only medical purposes, or more extremely, for recreational purposes. Looking only at the economic impact (not moral implications) of such changes in the laws, discuss how the existing system of supply and demand for illegal marijuana will be changed with the new legalization.

  1. What will happen to existing supply avenues?
  2. Will legalization significantly change demand? How?
  3. Would one expect prices to change significantly? How?
  4. What would be the costs and benefits to governments, both in changes in enforcement requirements and in potential tax revenue?
    • Posted: 5 years ago
    AB224: Microeconomics Unit 3: Supply and Demand - Discussion

    Purchase the answer to view it

    blurred-text
      Save time and money!
      Our teachers already did such homework, use it as a reference!
      • Topic 1 Discussion topic: Marijuana

        There is much discussion in the press about several states moving to legalizing marijuana, either for only medical purposes, or more extremely, for …

      • Marijuana

        There is much discussion in the press about several states moving to legalizing marijuana, either for only medical purposes, or more extremely, for recreational purposes. Looking only …

      • Marijuana

        There is much discussion in the press about several states moving to legalizing marijuana, either for only medical purposes, or more extremely, for recreational purposes. Looking only …

      • Topic 1 Discussion topic: Marijuana

        There is much discussion in the press about several states moving to legalizing marijuana, either for only medical purposes, or more extremely, for recreational …