If marijuana were legalized, it is likely that there would be an increase in the supply of marijuana. Advocates of marijuana legalization argue that this would significantly reduce the amount of revenue going to the criminal organizations that currently supply marijuana. These advocates believe that the
a. supply for marijuana is elastic.
b. demand for marijuana is elastic.
c. supply for marijuana is inelastic.
d. demand for marijuana is inelastic.
d
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According to your textbook, which procedure is the general rule to follow in order to maximize net revenue?
A) Always choose a 25 percent markup if demand is inelastic. B) Always choose a 25 percent markup if demand is elastic. C) Always choose a markup between 50 and 100 percent (inclusively) if demand in inelastic. D) Always choose no more than a 10 percent markup if demand is perfectly elastic. E) None of the above.
Why is diversification recommended for investors?
Which of the following statements is true?
A) Nominal interest rate = real interest rate - expected inflation rate. B) Nominal interest rate = real interest rate + expected inflation rate. C) Real interest rate = nominal interest rate + expected inflation rate. D) Expected inflation rate = nominal interest rate + real interest rate. E) Expected inflation rate = real interest rate - nominal interest rate.
It would be impossible to have an unlevered bank.
Answer the following statement true (T) or false (F)