The state of Texas (where beer per capita consumption is 20% above the national average) consumed 44.1 million gallons of beer in 2017.
Assuming all other variables (such as population and average income) being constant, and the average price of beer $12 / gallon, how much should the price of beer increase so that the total state consumption goes down to 42 million gallons a year?
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The state of Texas (where beer per capita consumption is 20% above the national average) consumed 44...
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