Examlex
Marijuana is considered to be a:
Supply Curve
A graph that represents the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.
Perfectly Inelastic
Describes a situation where the quantity demanded or supplied of a good does not change as its price changes.
Excise Tax
A tax paid on specific goods and services, such as gasoline, cigarettes, or alcohol, often imposed by the government.
Pumpkins
Large, round, orange-yellow fruits from the squash family, commonly carved as jack-o'-lanterns for Halloween or used in pies.
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