Is the demand for alcohol elastic or inelastic? Explain. How are your answers to Question 2 and 3 affected by the price elasticity of demand

BEA683 Economics for Managers: Group Assignment

By |2018-08-24T08:01:13+00:00August 24th, 2018|Categories: Economics assignment help|Tags: , , , , |

Total Marks:                 20 marks Weight:                        15% of final marks Length:                        up to 1400 words Minimum price on alcohol Governments in Australia and around the world are considering implementing a minimum price (aka price floor) on alcohol. Your task is to use the Economic way of thinking learnt in class to formally explain the effect of [...]