What impact do you predict on industry outputand price

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Reference no: EM131430636

In 2009, the Japanese beer industry was affected by two economicevents:

(1) Japan's government imposed on producers a tax on allbeer sold, and

(2) consumer income fell due to the continuingeconomic recession. How would each factor affect (i.e., shift)demand or supply? What impact do you predict on industry outputand price?

Reference no: EM131430636

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