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If marijuana were to be legalized in the US What would you predict would happen to the equilibrium price and quantity of marijuana?
Wiki User
∙ 13y ago
the price would go up and the drug wars would continue would increase there would be more laws and stiffer laws if you get caught smoking. look at the laws now about cigarettes can't smoke here can't smoke there it would be the same for smoking a joint . only the man would come down harder cause it the law man.
Wiki User
∙ 13y ago
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How do you predict shifts in equilibrium?
If you increase the amount of a substance, the equilibrium shifts away, if you decrease or get rid of something the equilibrium shifts to it, and if the substance that is changed is on both sides then the equilibrium doesn't shift.
To describe explain and predict changes in the price and quantity of goods sold?
Laws of Supply and Demand explain and predict changes in the price and quantity of goods sold.
If the price of a video game increased what would the law of supply predict about the quantity supplied of the game?
the law of supply would increase the quantity of the game
A table that lists various price and quantity combinations of demand is called?
The table that lists various prices and quantity combinations of demand is the demand schedule. This table makes it simpler to predict demand at different price levels.
Predict what will happen to interest rates if prices in the bond market become more volatile?
Predict what
Will marijuana every be legalized for recreational use?
I don't think anyone can for sure answer that question, as we cannot predict the future.
When did Florida start the legalization on marijuana?
Florida has not legalized marijuana. There is a ballot that might make its way in the 2016 election in regards to medical marijuana, but that is it.
Suppose that video game cartridges are a normal good If the income of video game players increases you predict that in the market for videotapes?
both equilibrium price and quantity will increase
Is obama trying to make marijuana legal?
No, not at this time. This is a very controversial question, and even though the president admits to having used marijuana when he was young, he knows it is a very contentious issue. Many adults (including those who used it during their youth) are not comfortable with legalizing it, although surveys show more people in favor of decriminalizing it. The president also knows a conservative congress would never pass legislation that legalized marijuana. However, there is a better chance of medical marijuana being legalized at some point, although it is difficult to predict when that will occur.
How do you predict shifts in equilibrium?
If you increase the amount of a substance, the equilibrium shifts away, if you decrease or get rid of something the equilibrium shifts to it, and if the substance that is changed is on both sides then the equilibrium doesn't shift.
To describe explain and predict changes in the price and quantity of goods sold?
Laws of Supply and Demand explain and predict changes in the price and quantity of goods sold.
Can you use the change in temperature to predict how long it will take for thermal equilibrium to be reached?
Using partial differential equations, you can estimate how long it will take to get within some difference between equilibrium and near-equilibrium. The mathematics predict that it will take infinite time to reach complete equilibrium, but for us humans we can settle for some difference that is so close as to make no difference to us.
Do quantity of acorns predict winter climate?
No, this is just a myth. There is no way that living organisms like trees can predict the weather a season ahead.
If the price of a video game increased what would the law of supply predict about the quantity supplied of the game?
the law of supply would increase the quantity of the game
What does Hardy-Weinberg equilibrium predict will happen to the population allele and genotype frequencies after 1 generation of random mating?
What all the ideal non-real conditions of the Hardy-Weinberg equilibrium predict; no evolution takes place. Mating is assortative, non-random in the real world and sexual selection is at work when assortative mating takes place, thus evolution.
How do you solve equilibruim problems?
The Long Way:-- Observe the conditions of the system under discussion.-- Take the given information.-- Use the observed and the given information, together with the laws, formulas,definitions, and characteristics available on the topic of equilibrium, to find theunknown quantity, or to predict the unknown motion.The Short Way: Use what you know to find what you don't know.
What does Le Châtelier s principle predict would happen to the equilibrium conditions if N2O4 were added to the system?
I suppose that the principle of Le Châtelier is not applicable in this case.
