Part 1
Snack, Beer, and Marijuana
Snack food vendors and beer distributors earn some monopoly profits in their local markets but see them slowly erode from various new substitutes. When California voted on legalizing marijuana, which side would you think that California beer distributors were on? What about snack food vendors? Why?
Part 2
Intermodal Transportation Seeking an Economic Impact
Please read the article listed below and answer the following questions:
Article: Understanding the Impact of Transportation on Economic Development (PDF)
How can the growth of intermodal transportation affect the product’s supply and demand? Discuss the major points of the article. How do transportation costs affect others? Please be specific. Discuss increases and decreases in supply and demand. Include a minimum of one reference.