question archive Let the current market for cannabis products be described with supply of MC=2Q and Demand: P=360-4Q
Let the current market for cannabis products be described with supply of MC=2Q and Demand: P=360-4Q
Subject:EconomicsPrice:2.88 Bought3
Let the current market for cannabis products be described with supply of MC=2Q and Demand: P=360-4Q. The government is considering legalizing cannabis and taxing its consumption. Considering the demand and supply provided above, which side of the market will bear higher tax burden?
