If the Legal Beer-Drinking Age Is Raised from 18 to 21,the

question 144

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

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