Suppose government legalized a previous good or service that used to be illegal to consume or produce

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Suppose government legalized a previous good or service that used to be illegal to consume or produce (e.g., suppose marijuana is legalized), then what impact would this have on the market for this item?

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Survey Of Economics

ISBN: 9780357720806

11th Edition

Authors: Irvin B. Tucker

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Question Posted: Dec 29, 2023 07:46 AM

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Suppose government legalized a previous good or service that used to be illegal to consume or produce

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It would increase demand and supply What hap...View the full answer

Survey Of Economics

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