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Once, during an interview years ago, Hillary Clinton responded to a question about marijuana legalization. During the interview, she explained that while she had no
Once, during an interview years ago, Hillary Clinton responded to a question about marijuana legalization. During the interview, she explained that while she had no moral objection to legalization, marijuana was impossible to decriminalize because there was "too much money" involved in the illicit sale of marijuana for it to be legalized. Economists everywhere were puzzled. Use a supply and demand analysis to explain why her reasoning doesn't make sense (Note: for this question, it is important to know that demand for marijuana is inelastic while is supply curve is normally shaped)
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