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soldi70 [24.7K]
3 years ago
12

A recent study found that an increase in the federal tax on beer (which would increase the price of beer) would reduce the deman

d for marijuana. Based on this information we can conclude that
A. Marijuana is an inferior good.
B. Beer and marijuana are substitute goods.
C. Beer and marijuana are complementary goods.
D. Beer is an inferior good.
Social Studies
1 answer:
Nina [5.8K]3 years ago
6 0

Answer:

C. Beer and Marijuana are complementary goods

Explanation:

Since an increase in the price of beer is reducing the demand for marijuana this means that people were buying both at a time, now that the price of beer is higher they cannot afford both so are buying beer only. Therefore we can say that Beer and Marijuana are complementary goods.

If the increase in beer price led to an increase in Marijuana demand, then that would make them substitute goods since people are <u><em>substituting</em></u> one vice for another cheaper one.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

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The misinformation effect illustrates that our minds can be influenced by a misconception.

Inaccurate or deceptive information is called misinformation. It differs from disinformation, which is blatantly false information. Rumors are unreliable and frequently unverified information that cannot be proven to be true or false. They are information that is not attributed to a specific source. The misinformation effect occurs when post-event information causes a person's recall of episodic memories to be less accurate. Since the middle of the 1970s, the misinformation effect has been researched. The tendency for information received after an event to obstruct one's memory of the original events is known as the "misinformation effect." According to research, even relatively subtle new information introduced later can have a significant impact on how people recall past experiences.

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Answer:

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