Question: Using what you know about elasticity and what you learned from this podcast( https://www.npr.org/sections/money/2010/08/03/128960709/the-tuesday-podcast ), what would be your 'economic expert' opinion on imposing a

  1. Using what you know about elasticity and what you learned from this podcast(https://www.npr.org/sections/money/2010/08/03/128960709/the-tuesday-podcast), what would be your 'economic expert' opinion on imposing a tax specifically on the purchase of marijuana (similar to a tax specifically on alcohol) in the states where marijuana sales are legal? Connect your economic opinion to details from the podcast. If you use outside information, provide links to your sources.
  2. A question to expand your application of elasticity ideas: Now that marijuana is legalized (and taxed) in California, what other markets do you think have been or will be impacted (related goods)? How might legalization impact what goods consumers consider to be substituted for marijuana? Do you think any have changed? Why?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Determine the moments acting at the ends of each member of the frame. EI is the constant. 1.5 k/ft 15 k- 20 ft - 24 ft-

Q:

Price Elasticity of Demand for Netflix: Read the following article from Yahoo Finance titled, " Most Netflix Users Would Pay a Lot More for Their Subscription, Survey Shows...

Q:

Using what you know about elasticity and what you learned from the podcast ( here is the link: https://www.npr.org/sections/money/2010/08/03/128960709/the-tuesday-podcast), what would be your...

Q:

Using what you know about elasticity and what you learned from this podcast, what would be your economic expert opinion on a proposal to implement a tax specifically on the purchase of marijuana (...

Q:

Using what you know about elasticity and what you learned from this podcast( https://www.npr.org/sections/money/2010/08/03/128960709/the-tuesday-podcast) , what would be your 'economic expert'...

Q:

REPO R T T O WOR K AN D L E AR N I N G K N O W LE D GE C E N TR E R E P O R T T O W O R K A N D LE A R N I N G K N O W LE D G E C E N T R E Prepared by: Research Assistants: Christine Wihak Thompson...

Q:

I need help with this essay. Performing tax research to find correct answers to a given tax situation and composing memoranda summarizing these findings are important parts of tax practice. As...

Q:

Hello, I need help with a case ( course legal research). the case of US v Steven Craig Whyte. What's the citation of the case? In short, what are the facts of the case? What did the government charge...

Q:

PLEASE HELP . . . X Read SA: Chapter 13: "Drafting, Revising, and Presenting Arguments" (SCREENSHOTS BELOW) . In a solid paragraph or two using complete sentences each, discuss two (2) important...

Q:

Restaurants'On'The'Run:'' A'Founder's'Journey'' For the exclusive use of M. Hayward, 2016. michael Caito strode briskly down the hall of his Lake Forest, California office to his company's main...

Q:

4 Files 12:47 PM Mon May 16 Insert Draw Layout Review View Unit 3Microec0nomics Name: ELASTICITY Use the space below to take notes during class. Elastic: Unit Elastic: Inelastic: Perfect...

Q:

A ball of unknown mass, m hangs from two strings attached to the ceiling, A and B, both with length 1.05 m such that mass lies H = 0.19 m below the ceiling. String B is cut, and at the bottom of its...

Q:

2PbS+ 30 2PbO + 2SQ 3SO + 2HNO3 + 2HO 3HSO4 + 2NO According to the above sequence of reactions, how much HSO4 will 1146 gm of PbS produce?

Q:

Which business type is most susceptible to skimming? Group of answer choices Software firms Manufacturing companies Cash - intensive retail and service industries Online subscription services

Q:

Discuss and explain a performance evaluation of international portfolio managers in terms of potential sources of abnormal returns. A brief example should be provided to illustrate your points. Your...

Q:

In Cantor's diagonalization we construct a number x between 0 and 1 that's not on the supposed list of real numbers between 0 and 1. Recall, to construct x we make x's ith digit (after the decimal...

Q:

Equipment was purchased for $650,000. The patent was sold at the end of the yearCreate a statement of cash flows using the information. Cash Investments Fair value adjustment Accounts Receivable...

Q:

Diagnose and define important problems/issues in a situation; and then, Select useful alternatives to respond to such problems? BACKGROUND John Maxwell, CEO of Seabury Nursing Center, a...

Q:

Reflect on why corporations tend to choose profit maximization over profit optimization?

Q:

2. Now list, after going through a-c, three things that you want to be the impres-sion you want others to be left with after meeting you, and that you want to be lasting over time. List four points...

Q:

Relax your shoulders

Q:

Keep your head straight on your shoulders