5. What effect will the following changes have on (i) the demand for, (ii) the price of,...

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5. What effect will the following changes have on (i) the demand for, (ii) the price of, and (iii) the quantity traded of commercially brewed beer?

a) a new medical report affirming the beneficial health effects of drinking beer (in moderation, of course)

b) a big decrease in the price of home-brewing kits

c) a rapid increase in population

d) talk of a strike by brewery workers

e) a possible future recession

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