How would each of the following occurrences likely affect the market diagram for ganja? (that is,...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
How would each of the following occurrences likely affect the market diagram for ganja? (that is, which curve will shift and in what direction?) a) A rise in violent crime distracts police from interdicting ganja trafficking. b) A rise in violent crime distracts police from arresting ganja smokers. c) A new study reveals that ganja use is promotes heart disease. d) The price of farming equipment rises. e) The frequency of hurricanes increase. f) The government imposes a higher tax on alcoholic drinks. g) The price of Jamaican ginger on the world market rises. How would each of the following occurrences likely affect the market diagram for ganja? (that is, which curve will shift and in what direction?) a) A rise in violent crime distracts police from interdicting ganja trafficking. b) A rise in violent crime distracts police from arresting ganja smokers. c) A new study reveals that ganja use is promotes heart disease. d) The price of farming equipment rises. e) The frequency of hurricanes increase. f) The government imposes a higher tax on alcoholic drinks. g) The price of Jamaican ginger on the world market rises.
Expert Answer:
Answer rating: 100% (QA)
Solution Ans a The supply curve will shift rightward because the distraction of the police will enco... View the full answer
Related Book For
Accounting
ISBN: 978-0324662962
23rd Edition
Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren
Posted Date:
Students also viewed these accounting questions
-
How would each of the following affect Helena Hand basket's supply of labour? a. The value of Helena's home triples in an unexpectedly hot real estate market. b. Originally an unskilled worker,...
-
How would each of the following affect national saving, investment, the current account balance, and the real interest rate in a large open economy? a. An increase in the domestic willingness to save...
-
How would each of the following costs be classified if units produced is the activity base? a. Direct materials costs b. Direct labor costs c. Electricity costs of $0.35 per kilowatt-hour
-
Consider the two tables shown in Figure 6.37. The TerID column in the SALES_REP relation is a foreign key referring to the primary key column TerID in the TERRITORY relation. Figure 6.37 Relations...
-
Assume that everything stated in Problem 11 remains the same except that the bonds are not perpetual. Instead, they have a $1,000 par value and mature in 10 years. In problem The Great Northern...
-
A 0.4021-g sample of a purified organic acid was dissolved in water and titrated potentiometrically. A plot of the data revealed a single end point after 18.62 mLof 0.1243 M NaOH had been introduced....
-
Describe the differences between distributed denial-of-service (DDoS), telephony denial-of-service (TDoS) and permanent denial-of-service (PDoS).
-
The demand function good X is ln Qdx = a + b ln Px + c ln M+e, where Px is the price of good X and M is income. Least squares regression reveals that = 5.25, b = 1.36, and c = 0.14. a. If M =...
-
10. Horace uses the cash basis to account for revenue and expenses in his business. He has the following business revenue and expenses during the year: Gross receipts Business expenses Customer...
-
Create a concept map that depicts your assumptions and findings of the theory-practice gap. You are a staff nurse working in an intensive care unit and assigned to care for a 75-year-old African...
-
Which tool would I *NOT* expect to find in the file descriptor table of a typical UNIX process on a typical UNIX system?
-
ERP has been operating a large Platinum mine for many years. The company wants to acquire newly available equipment that will allow it to extract platinum ore from a currently inaccessible area of...
-
A 3.27kg object hangs, at rest, on a 2.19m long string attached to the ceiling. A 90g object is fired with a speed of 8m/s at the 3.27kg object, and the two objects collide and stick together in a...
-
Suppose the following auxiliary equations is estimated on observations 4 to 40 e t = 2.34 + .054 X 1 + 2.33 X 2 - .012 e t-1 -.430 e t-2 - 1.40e t-3 R 2 = .25 Carry out a LM test for Higher order...
-
We have three input/output prototype vector pairs: P = = = 1} { = H 2 = -} {0 = [1] 3 = 1} 2 2 P3 i. Show that this problem cannot be solved unless the network uses a bias. ii. Use the pseudoinverse...
-
3. Jade is deciding how much to work in 2020. She derives utility from consumption,C, but she also really likes taking leisure time L. She must divide her available hours between work and leisure....
-
What effect does enabling versioning have on your cloud storage? a. Requires secure data disposal b. Increases cost c. Increases retention-based restrictions
-
Per Bag Direct materials: 25 pounds of CWhiz-2000 @ $0.08/lb. = $ 2.00 Direct labor: 0.05 hour @ $32.00/hr. = $ 1.60 The company manufactured 100,000 bags of Cheese-Be-Good in December and used...
-
When is using the cost method the appropriate accounting for equity investments?
-
On June 30, Rioux Management Company purchased land for $400,000 and a building for $600,000, paying $500,000 cash and issuing a 6% note for the balance, secured by a mortgage on the property. The...
-
Longfellow Company performed services in July for a specific customer, for a fee of $8,380. Payment was received the following August. (a) Was the revenue earned in July or August? (b) What accounts...
-
What are the main functions of a milling machine?
-
List the various drilling operations.
-
List the various types of milling machines.
Study smarter with the SolutionInn App