Table 1.
Demand Indices |
Estimates (SE) [95% CI] |
||
---|---|---|---|
Low grade marijuana (N = 683) |
Mid grade marijuana (N = 665) |
High grade marijuana (N = 608) |
|
Breakpoint | 7.17 (.17) [6.84, 7.50] |
9.86 (.18) [9.51, 10.21] |
13.10 (.18) [12.75, 13.45] |
Intensity of demand – observed |
5.51 (.19) [5.14, 5.88] |
6.02 (.19) [5.65, 6.39] |
5.80 (.20) [5.41, 6.19] |
Intensity of demand - - derived |
4.56 (.18) [4.21, 4.91] |
5.06 (.18) [4.71, 5.41] |
5.85 (.19) [5.48, 6.22] |
Omax – observed | 11.24 (.52) [10.22, 12.26] |
18.46 (.92) [16.66, 20.26] |
27.55 (1.10) [25.39, 29.71] |
Omax – derived | 8.53 (.32) [7.90, 9.16] |
13.57 (.47) [12.65, 14.49] |
19.49 (.63) [18.26, 20.72] |
Pmax – observed | 3.94 (.16) [3.63, 4.25] |
5.98 (.18) [5.63, 6.33] |
9.34 (.21) [8.93, 9.75] |
Pmax – derived | 5.08 (.06) [4.96, 5.20] |
7.28 (.11) [7.06, 7.50] |
8.99 (.12) [8.75, 9.23] |
Elasticity of demand | −1.97 (.03) [−1.91, −2.03] |
−1.37 (.02) [−1.33, −1.41] |
−1.11 (.02) [−1.07, −1.15] |
CI = confidence interval; SE = standard error. 95% CI was calculated as estimate ± 1.96 × SE.