1.15. Which of the following producers would you expect to support a tax on beer? Which would...
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1.15. Which of the following producers would you expect to support a tax on beer? Which would not? Explain your answer. (LO6-4)
a. Producers of hard liquor. Cross-price elasticity with beer: −0.11.
b. Producers of wine. Cross-price elasticity with beer: 0.23.
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