ECO105 Price Elasticity of Beer Demand in Australia
2. What explains the differences in beer consumption in Australia vs. the advanced country that you picked in Q1?
3. Explain the price elasticity of beer demand in Australia.
4. Draw and label fully a supply and demand curve diagram to explain how an excise tax affects the market of beer.
6. Describe and evaluate the various policies over the years (other than a tax) that the Australian governments have enacted in order to reduce alcohol consumption.
Use a combination of material from text book and online sources to answer the above questions.
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