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 the minimum price. You will need to consider the external effects (negative externalities) of alcohol consumption, the price elasticity of demand, and taxation (an alternative way of reducing alcohol production/consumption). To simplify analysis, please assume that alcohol is a single homogenous good. That is, do not differentiate between different types of alcohol and packaging (wine, beer, casked wine, spirits etc.).
The students face difficulty in drafting the subject papers. But now they can get in touch with the Economics assignment help online and obtain well structured, technically revised as well as flawless of the papers on time. The team of expert writers has high-end experience and expertise in writing papers.