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Assume that, if recreational Marijuana becomes legal, its price would be cut in half. Given the estimate of -1 price elasticity of clemand for marijuana
Assume that, if recreational Marijuana becomes legal, its price would be cut in half. Given the estimate of -1 price elasticity of clemand for marijuana {from our textbook], what would you expect to be the change in marijuana consumption? {j It will be cut in half. (3) It will not change. If\": It will increase by 1%. \\_/ .33. It will increase by 50%
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