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7 July, 20:26

If the purchase and sale of a currently illegal drug (for example, marijuana) were decriminalized, economists would expect:

a. an increase in demand and supply of this drug.

b. an increase in demand and a decrease in the supply of this drug.

c. a decrease in demand and an increase in the supply of this drug.

d. a decrease in demand and supply of this drug.

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  1. 7 July, 21:26
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    A. An increase in demand and supply of this drug.

    Explanation:

    In this case, if marijuana were to decriminalized, demand would be skyrocket in the short-term. It will achieve equilibrium once it is set to be recreational use only.
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