QUESTION 7 Ben says that "an increase in the tax on beer will raise its price" Holly arques that "taxes should be increased on beer because college students drink to0 much." We can conclude that: O A Both statements are O B. Both statements are O C. Ben's statement is normative, but Holly's is positive O D. Holly's statement is normative, but Ben's is positive positive normative

QUESTION 7 Ben says that "an increase in the tax on beer will raise its price" Holly arques that "taxes should be increased on beer because college students drink to0 much." We can conclude that: O A Both statements are O B. Both statements are O C. Ben's statement is normative, but Holly's is positive O D. Holly's statement is normative, but Ben's is positive positive normative

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter2: Choice In A World Of Scarcity

Section: Chapter Questions

Problem 1SCQ: Suppose Alphonsos town raised the price of bus tickets to 1 per trip (while file price of burgers...

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people are rational QUESTION7 Ben says that "an increase in the tax on beer will raise its price." Holly arques that "taxes should be increased on beer because college students drink too much." We can conclude that: A. Both statements are B. Both statements are C. Ben's statement is normative, but Holly's is positive O D.Holly's statement is normative, but Ben's is positive positive normative
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