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Assume that the number of highway deaths for young adults

MADD Beer Tax. Recall the example Beer Prices and Highway Deaths, from the chapter. The organization Mothers Against Drunk Driving (MADD) has a goal of reducing the number of highway deaths among young adults by 39 percent. Assume that the number of highway deaths for young adults is proportional to their beer consumption. By what percentage must the price of beer increase to meet the MADD target?

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Econometrics: Assume that the number of highway deaths for young adults

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