Question
https://www.politico.com/story/2015/04/beer-tax-congress-116849v Explain how beer is a demerit good, illustrate its negative externality with a diagram (details such as MSB, MPB, MSC, p1 p2, q1, q2
https://www.politico.com/story/2015/04/beer-tax-congress-116849v
Explain how beer is a demerit good, illustrate its negative externality with a diagram (details such as MSB, MPB, MSC, p1 p2, q1, q2 is needed)
Please be very specific about the diagram.
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Microeconomics A Contemporary Introduction
Authors: William A. McEachern
9th edition
978-0538453714, 538453710, 978-1111415921
