Explain in detail how the legalization of marijuana would be expected to impact the supply, demand, equilibrium price and quantity for marijuana
Legalization of any currently illegal drug would be expected to alter both the demand and the supply of that drug. Economists predict that the demand for the drug would increase because the number of buyers would increase. This would shift the demand curve to the right. In addition, the number of sellers would likely rise and the supply of that drug would be expected to increase, shifting the supply curve to the right. An increase in demand and supply will definitely increase the equilibrium quantity of the drug, but there will be an indeterminate effect on the price, depending on whether demand shifts more or supply shifts more.
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Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________. 
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C
The above table gives the demand and supply schedules for Blu-ray discs. Suppose that the price of a Blu-ray disc player increases, resulting in the demand for Blu-ray discs decreasing by 8,000 units at all prices
What are the new equilibrium quantity and equilibrium price of Blu-ray discs? A) 8,000 and $8 B) 16,000 and $16 C) 20,000 and $20 D) 28,000 and $28
The amount of a product that people are willing and able to purchase at a specific price is referred to as the:
a. demand. b. quantity demanded. c. law of demand. d. consumption function. e. purchasing power.
You are a manager of a small coal mining operation. Your best way to design task would be
A. narrow task assignment and functional specialization among workers. B. narrow task assignment to workers and limited interest in specialized task. C. broad allocation of decision rights and empowerment via delegation. D. narrow specialization among workers without any task assignment.