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sinerus sinerus
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7 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 a tax increase that increases the price of beer by 20% would roughly reduced highway deaths of young people by
A) 1.5%.
B) 13.33%.
C) 20%.
D) 30%.
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
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trumpetsoflifetrumpetsoflife
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