Business, 24.06.2020 19:01 Katyazamo

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 Group of answer choices higher prices and higher total revenue from marijuana sales. higher prices but lower total revenue from marijuana sales. the same price and higher total revenue from marijuana sales. the same price but lower total revenue from marijuana sales.

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If marijuana were legalized, it is likely that there would be an increase in the demand for marijuan...