The imposition of a unit excise tax on beer will
A) lower equilibrium price and quantity in the market.
B) increase equilibrium quantity and price in the market.
C) lower equilibrium quantity and raise equilibrium price in the market.
D) raise equilibrium quantity and lower equilibrium price in the market.
Question 2
The combining of First Union National Bank and The National Bank of Memphis is an example of
A) a vertical merger.
B) a horizontal merger.
C) a downstream formation.
D) a conglomerate merger.
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