Question

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.

Answer 1

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

Step-by-step explanation:

• As the tastes and the preference of the customers for the particular product increase in the demand of the sale and the purchase of the illegal drug will rise up.

• As explained by the economist is know as what is called as the shift in demands and supply of the drug tends to rise in prices of the drug.