If Marijuana Were Legalized, It Is Likely That There Would

question 258

Multiple Choice

If marijuana were legalized, it is likely that there would be an increase in the supply of marijuana. Those in favor of legalizing marijuana argue that this would generate less revenue to illegal suppliers. The legalize marijuana proponents must believe the:

• A)​demand for marijuana is elastic.
• B)​demand for marijuana is inelastic.
• C)​demand for for marijuana is unit elastic.
• D)​none of the above.

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