Economics Assignment

Dec 4th, 2014
Anonymous
Category:
Accounting
Price: $15 USD

Question description

There is much discussion in the press about several states moving to legalizing marijuana, either for only medical purposes, or more extremely, for recreational purposes. Looking only at the economic impact (not moral implications) of such changes in the laws, discuss how the existing system of supply and demand for illegal marijuana will be changed with the new legalization.

  1. What will happen to existing supply avenues?
  2. Will legalization significantly change demand? How?
  3. Would one expect prices to change significantly? How?
  4. What would be the costs and benefits to governments, both in changes in enforcement requirements and in potential tax revenue?


Tutor Answer

(Top Tutor) Studypool Tutor
School: Purdue University
PREMIUM TUTOR

Studypool has helped 1,244,100 students

Review from student
Studypool Student
" Totally impressed with results!! :-) "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1828 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors