The imposition of a unit excise tax on beer will
A) lower equilibrium price and quantity in the market.
B) increase equilibrium quantity and price in the market.
C) lower equilibrium quantity and raise equilibrium price in the market.
D) raise equilibrium quantity and lower equilibrium price in the market.
C
Economics
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Consider a market that sells some of its goods as exports. Who does NOT benefit?
A) foreign consumers B) workers in the industry C) domestic consumers D) domestic producers
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The development of instantaneous electronic communication and transaction markets has increased the potential for market arbitrage
Indicate whether the statement is true or false
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