How has the legalization impacted the market for this good? Very briefly discuss the price elasticity of demand for the good and what determines the elasticity.
What are risks associated with Walmart’s debt financing decisions?
August 5, 2017What physiological changes occur in the brain due to the stress response?
August 5, 2017How has the legalization impacted the market for this good? Very briefly discuss the price elasticity of demand for the good and what determines the elasticity.
Recently, a few states have legalized the recreational use of cannabis (marijuana). Respond to the following questions/topics:
- How has the legalization impacted the market for this good? Very briefly discuss the price elasticity of demand for the good and what determines the elasticity.
- In light of your readings for this week, how would you anticipate the market to change over the next few years?
- Briefly discuss a substitute good and a complementary good for legal cannabis.
- Create a supply-demand graph illustrating one of the shifts discussed in your paper, and explain the shift.
