Research has found that an increase in the price of beer would reduce the amount of marijuana consumed. this research indicates that the cross elasticity of the two products is

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Social Studies

Kamari Blake

11 February, 15:42

Research has found that an increase in the price of beer would reduce the amount of marijuana consumed. this research indicates that the cross elasticity of the two products is

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Darren Mendez · Answer 1

Research has found that an increase in the price of beer would reduce the amount of marijuana consumed. This research indicates that the cross elasticity of the two products is negative.

This means that these two products are complements, meaning that if the price of one goes up, the price of the other will go down. If the price of beer is becomes higher, the price of marijuana will become lower, and vice versa.