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If the Legal Beer- Drinking Age Is Raised from 18

Question 14

Multiple Choice

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 falls and quantity rises.
B) price rises and quantity rises.
C) no change in price or quantity occurs.
D) price rises and quantity falls.
E) price falls and quantity falls.

Correct Answer:

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