Anonymous asked in Social ScienceEconomics · 3 weeks ago

What is meant by the elasticity of demand, and what is the elasticity of demand for cannabis like in terms of its elasticity? ?

1 Answer

  • JuanB
    Lv 7
    3 weeks ago

    elasticity of demand measures if the price changes does the demand for a good change a little or a lot.  

    Drugs? Is cannabis illegal where you live?  So illegal drugs?  You find when people are willing to break the law to use it, they don't care what the price is.  They just want to get high at all costs.  Fits with a lot of potheads I've seen over the years.  Always broke, but always got pot.

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