If the State of California decides to raise the drinking age to 25, what would happen to the demand for beer?
A) The demand for beer will shift right.
B) The demand for beer will shift left.
C) The demand for beer will stay the same, but people will move up the demand curve consuming less.
D) One cannot tell what will happen with the information given.
Correct Answer:
Verified
Q11: Which is not true of market equilibrium?
A)All
Q12: The law of demand states that
A)scarcity can
Q13: If income rises
A)the demand curve will shift
Q14: Please refer to the following diagram
Q15: If the government decides to set the
Q17: Please refer to the following diagram.
Q18: A war in the Middle East causes
Q19: Please refer to the following diagram.
Q20: Most economists are against rent control because
Q21: If price and quantity are not at
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents