a. Discuss the basic assumptions economists make when they model consumer behavior;
b. Describe and predict the impacts of the determinants on the quantity of beer that individual households will demand. Explain your rationale for each hypothesis using marginal utility theory.
c. Propose a methodology for testing your hypotheses; describing how you would collect your data.
Elasticity and Demand and the Affects on the Market for Beer Part II
August 4th, 2017 admin