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