Illustrate what do you think will occur to the price

Reference no: EM1337102

Economics of Legalization of marijuana

1. Please explain. What do you think will occur to the price of marijuana if its purchase and sale are legalized? Be specific as to changes in the supply and demand curves.
Personal opinion welcome.

2. Please explain How can we use the price elasticity of demand to predict the effects of public policies?

Reference no: EM1337102

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