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What is the argument presented in paragraph 49 regarding the minimum unit pricing per alcohol to address health problems associated with drinking?

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Final answer:

Imposing taxes on alcohol, which leads to higher prices, is argued to reduce consumption by creating a leftward pivot of consumers' budget constraints, potentially reducing alcohol-related health issues.

Step-by-step explanation:

The argument presented regarding minimum unit pricing per alcohol to address health problems associated with drinking suggests that imposing taxes on alcohol can lead to higher prices at liquor stores. The consequent increased prices would cause a leftward pivot of the budget constraint, likely resulting in a decrease in alcoholic beverage consumption as consumers adjust their spending habits.

This measure is seen as a potential way to curb alcohol-related health issues by reducing overall consumption. Moreover, it addresses not just individual behavior but also might influence household spending on other non-alcoholic items due to the need to reallocate the household budget.

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