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ikadub [295]
3 years ago
10

MacCoun and Reuter calculate that for which of the following substances is the elasticity index the greatest—that is, there is t

he greatest decrease in purchases, given a 1 percent increase in price?
Business
1 answer:
stellarik [79]3 years ago
8 0

Answer: MARIJUANA

Explanation: MARIJUANA has been known to have different names such as Herb,pot,ganja etc. Many countries of the World have placed Ban or strict regulations to control the use of Marijuana.

MacCoun and Reuter were former staff or RAND,they discovered that a one percent Increase in price will lead to a decrease in demand for Marijuana,which means the demand for Marijuana is elastic. They also proposed that a decrease in consumption should be applied in the regulation instead of Banning the usage of a psychostimulants like Marijuana.

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5 0
2 years ago
Your customer, age 68, that has an IRA account at your firm valued at $500,000, passes away. The customer leaves the account to
schepotkina [342]

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Explanation:

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3 years ago
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8 0
3 years ago
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Mary's Baskets Company expects to manufacture and sell​ 30,000 baskets in 2019 for​ $5 each. There are​ 4,000 baskets in beginni
algol13

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Mary's Baskets Company expects to manufacture and sell​ 30,000 baskets in 2019 for​ $5 each.

<u>Sales revenue is the result of multiplying the number of units sold for the selling price per unit:</u>

<u></u>

Sales= 30,000*5= $150,000

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3 years ago
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