If Hipsters Decide That Pabst Blue Ribbon Has Become Cliché

question 35

Multiple Choice

If hipsters decide that Pabst Blue Ribbon has become cliché and they seek out a more iconic beverage, what will happen in the market for PBR?

• A) Demand will decrease, quantity demanded will decrease, and price will increase.
• B) Supply will decrease, quantity demanded will decrease, and price will decrease.
• C) Demand will decrease, quantity supplied will decrease, and price will decrease.
• D) Demand will decrease, quantity supplied will increase, and price will decrease.

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Definitions:

Social Integration

The process by which individuals or groups are incorporated into a societal framework, participating fully in social, economic, and political activities.

Egoistic Suicide

Occurs when the person is inadequately integrated into society.

Anomic

A state or condition of individuals or society characterized by a breakdown or absence of social norms and values, often leading to alienation and disorientation.

Adolescent Suicide

The act of self-inflicted death by individuals in their teenage years, often resulting from a variety of psychological, social, and environmental pressures or disorders.