Question
Last November, California passed Proposition 64, the Adult Use of Marijuana Act (AUMA).What will happen to the price and quantity of marijuana in California with
Last November, California passed Proposition 64, the Adult Use of Marijuana Act (AUMA).What will happen to the price and quantity of marijuana in California with the passage of AUMA? Use supply and demand analysis to explain your answer.
Based on your answer to question two, what are the primary causes for the change in price and quantity? Explain one demand-side (buyer) factor and one supply-side (seller) factor.
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Macroeconomics Principles And Policy
Authors: William J. Baumol, Alan S. Blinder
11th Edition
0324586213, 978-0324586213
