Question
On October 17, 2018, the Canadian government legalized the use and sale of cannabis. 1. In your opinion, what were the consequences of this public
On October 17, 2018, the Canadian government legalized the use and sale
of cannabis.
1. In your opinion, what were the consequences of this public policy?
on the cannabis use of Canadians?
Respond using a supply and demand graph.
2. Policy makers fear that a level of consumption of
cannabis too high leads to increased health costs
public. How could the government influence the quantity
balance in the cannabis market?
Respond using a supply and demand graph.
Several solutions are possible; choose one and detail
the mechanisms involved.
N.B.: Assume that the black market disappears as a result of the
federal legalization of cannabis.
3. Now release the hypothesis that the black market disappears after
the legalization of cannabis. Jean-Claude is a researcher at the University
from Montreal. He wants to study the evolution of the demand for cannabis
in the Canadian market (legal and illegal) after legalization.
However, there are no reliable data on the quantities sold to
black market.
Rolling paper is a good complement to cannabis and Jean-Claude
has a database on the quantities of paper sold to
ride before and after legalization. How could Jean-Claude
use these data to assess the evolution of the demand for cannabis?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started