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In Canada today, marijuana users may be subject to formal punishment.
Marginal Revenue
Marginal revenue is the additional revenue that a firm gains from selling one more unit of a good or service.
Demand Curve
A graph showing the relationship between the price of a good and the quantity demanded by consumers at those prices.
Price
The cost in money to purchase a particular good or service.
Income Elasticity
A measure of how the quantity demanded of a good responds to a change in consumers' income.
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