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thanhha78 thanhha78
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6 years ago
If the number of highway deaths among young people is roughly proportional to their beer consumption and young peoples' elasticity of demand for beer is 1.5, then to decrease highway deaths of young people by 15%, taxes would need to be increased enough to increase the price of beer by
A) 1%.
B) 1.5%.
C) 10%.
D) 15%.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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trumpetsoflifetrumpetsoflife
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thanhha78 Author
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#2
6 years ago
you're honestly amazing, thank you
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