Question 6
Consider the markets for cigarettes and for marijuana:
(a) Provide a description of consumer behavior that explains why the two might be substitutes
My Answer
Consumers might be in the market for something they can suck on that burns.
Question 6
Consider the markets for cigarettes and for marijuana:
(a) Provide a description of consumer behavior that explains why the two might be substitutes
My Answer
Consumers might be in the market for something they can suck on that burns.
hee hee. econ problem sets in my experience are rarely so weird.