If the legal beer-drinking age is raised from 18 to 21, the changes to the equilibrium price

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Question:

If the legal beer-drinking age is raised from 18 to 21, the changes to the equilibrium price and quantity of beer are likely to be that

A) price rises, quantity falls.

B) price falls, quantity falls.

C) price rises, quantity rises.

D) price falls, quantity rises.\n

Related Book For answer-question

Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Posted Date: May 25, 2020 03:51 AM

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If the legal beer-drinking age is raised from 18 to 21, the changes to the equilibrium price

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Both price and quantity will fall Explanation Gross revenue ... View the full answer

Economics

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