Increasing the Minimum Age for Buying Beer Means That the Price

question 68

Multiple Choice

Increasing the minimum age for buying beer means that the price of beer will ________ because ________.

• A) fall; beer is an inferior good
• B) rise; brewers will take advantage of the situation
• C) fall; there are fewer buyers in the beer market
• D) fall; there are fewer sellers in the beer market
• E) rise; not everyone drinks beer

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Definitions:

Interest Allowances

The amount of interest income received or credited to an account, sometimes used in calculating adjusted income or benefits.