Business, 18.06.2021 04:30 whortonraijan
Draw the Marijuana Market (both a supply and demand) and label everything. You can choose a P1 or Q1 option instead of numbers or choose your own numbers. Shift the curve that would occur in the following market for marijuana if the government imposes an excise tax on marijuana sales. What will be the effect on price and quantity
Answers: 3
, where 
is the initial equilibrium price and 
is the initial equilibrium quantity.
where the equilibrium price of marijuana has increased to 
and equilibrium quantity of marijuana has decreased to 
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Draw the Marijuana Market (both a supply and demand) and label everything. You can choose a P1 or Q1...
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