If the government legalizes the purchase and sale of marijuana, the equilibrium quantity would and the price would if the supply of marijuana increased by than the demand for marijuana increased as a result of the legalization.

If the government legalizes the purchase and sale of marijuana, the equilibrium quantity would rise and the price would rise if the supply of marijuana increased by less than the demand for marijuana increased as a result of the legalization.

Explanation:

Equilibrium point

-Graphically, the intersection of supply and demand.

Equilibrium price :

-The price that causes quantity supplied to equal quantity demanded. It is actually the price which clears the market,

Equilibrium quantity:

- The numerical quantity (supplied and demanded) at the equilibrium price.

As you understand the above mentioned definitions, if the government legalizes the purchase and sale of marijuana, the equilibrium quantity would rise and the price would rise if the supply of marijuana increased by less than the demand for marijuana increased as a result of the legalization.

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