If Marijuana Were Legalized, It Is Likely That There Would

question 163

Multiple Choice

If marijuana were legalized, it is likely that there would be an increase in the demand for marijuana. If demand for marijuana is inelastic and the supply of marijuana is perfectly elastic, this will result in

• A)higher prices and higher total revenue from marijuana sales.
• B)higher prices but lower total revenue from marijuana sales.
• C)the same price and higher total revenue from marijuana sales.
• D)the same price but lower total revenue from marijuana sales.

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Definitions:

Censorship

The suppression or prohibition of any parts of books, films, news, etc. that are considered obscene, politically unacceptable, or a threat to security.

Scientific Thought

Scientific thought is a systematic way of understanding the natural world based on observation, experimentation, and evidence, challenging existing knowledge and beliefs through rigorous questioning.

Vernacular Languages

The everyday spoken languages of ordinary people, as opposed to literary or official languages.

Scientific Revolution

A period of significant developments in science during the 16th and 17th centuries, transforming views on nature and knowledge.