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Question 8 5 pts Two students in a political science class are debating the Florida Marijuana Legalization Initiative, a ballot measure that would legalize recreational marijuana use in Florida. Determine which of the answer choices gives correct values of the elasticity of demand (in absolute value) for marijuana as described by Jorge and Katrina. • Jorge: "If marijuana becomes legal in Florida, then marijuana prices will decrease. This will significantly decrease the amount of revenue going to the criminal organizations that currently grow and sell marijuana." • Katrina: "That's unlikely. Instead, keeping marijuana illegal decreases its supply, which will mean a higher marijuana price and lower marijuana purchases. This will decrease the revenue that marijuana dealers earn." Jorge: 1.22 and Katrina: 0.44 Jorge: 1.36 and Katrina: 1.18 Jorge: 0.27 and Katrina: 0.93 Jorge: 0.62 and Katrina: 1.75

          Question 8
5 pts
Two students in a political science class are debating the Florida Marijuana Legalization Initiative,
a ballot measure that would legalize recreational marijuana use in Florida. Determine which of
the answer choices gives correct values of the elasticity of demand (in absolute value) for
marijuana as described by Jorge and Katrina.
• Jorge: "If marijuana becomes legal in Florida, then marijuana prices will decrease. This will
significantly decrease the amount of revenue going to the criminal organizations that
currently grow and sell marijuana."
• Katrina: "That's unlikely. Instead, keeping marijuana illegal decreases its supply, which will
mean a higher marijuana price and lower marijuana purchases. This will decrease the revenue
that marijuana dealers earn."
Jorge: 1.22 and Katrina: 0.44
Jorge: 1.36 and Katrina: 1.18
Jorge: 0.27 and Katrina: 0.93
Jorge: 0.62 and Katrina: 1.75

Question 8
5 pts
Two students in a political science class are debating the Florida Marijuana Legalization Initiative,
a ballot measure that would legalize recreational marijuana use in Florida. Determine which of
the answer choices gives correct values of the elasticity of demand (in absolute value) for
marijuana as described by Jorge and Katrina.
• Jorge: "If marijuana becomes legal in Florida, then marijuana prices will decrease. This will
significantly decrease the amount of revenue going to the criminal organizations that
currently grow and sell marijuana."
• Katrina: "That's unlikely. Instead, keeping marijuana illegal decreases its supply, which will
mean a higher marijuana price and lower marijuana purchases. This will decrease the revenue
that marijuana dealers earn."
Jorge: 1.22 and Katrina: 0.44
Jorge: 1.36 and Katrina: 1.18
Jorge: 0.27 and Katrina: 0.93
Jorge: 0.62 and Katrina: 1.75

Added by Andr-S C.

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