Macroeconomics (Book Only)
Macroeconomics (Book Only)
12th Edition
ISBN: 9781285738314
Author: Roger A. Arnold
Publisher: Cengage Learning
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Chapter 5.4, Problem 1ST
To determine

The price of marijuana if the supply increases more than the demand.

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If you catch one hundred cocaine shipments, and the street price does not increase, then have you made any real impact on the supply of product to the consumer?
Since 2019, the price of lithium in China has been falling (and it is predicted to continue falling through 2020).   Assume nothing else is happening (the only thing changing is the price).  As the price falls, demand for lithium in China falls True or false?
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