Crost and Guerrero (2012) found that when women turn 21, their cost of buying alcohol drops, and
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Crost and Guerrero (2012) found that when women turn 21, their cost of buying alcohol drops, and they reduce their consumption of marijuana by 17% (see the Application “Substituting Alcohol for Marijuana”). Illustrate this effect in a figure.
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Alcohol and marijuana are substitutes although not ...View the full answer
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