Final answer:
Limiting liquor sales on Sundays could create an artificial demand for liquor, which may lead to increased prices but also has the potential to decrease sales due to reduced hours for transactions. Options a, b and c are correct.
Step-by-step explanation:
Some towns limit the number of hours that liquor stores can sell alcohol on Sundays. These restrictions could help liquor stores by creating an artificial demand for liquor due to limited availability which may lead to consumers perceiving it as more valuable, and thereby potentially increasing price due to the increased willingness to pay. However, this could also decrease sales since there are fewer hours available for consumers to make purchases, leading to reduced overall transaction opportunities.
As seen in other scenarios, such as when entertainment taxes are removed, or nightclubs offer competing entertainment options, shifts in demand and supply have implications on market outcomes. In the context of the question involving liquor stores, limited selling hours on Sunday create a scarcity for the time consumers can purchase, potentially leading to adjustments in consumer behavior and sales patterns in these businesses.