AnastasiaVr Posted March 19, 2015 Report Share Posted March 19, 2015 Hey guys!I have found this article http://www.irishexaminer.com/ireland/200-fewer-deaths-with-minimum-euro1-alcohol-price-318115.htmland i am not sure whether i should mention both minimum price and negative consumption externality. 1 Reply Link to post Share on other sites More sharing options...
EconDaddy Posted March 19, 2015 Report Share Posted March 19, 2015 Hello, I think you have found a great article on market failure. Of course, use both of them as the problem is the negative externality of consumption (alcohol) and the response of the govt' to this problem was to place a price floor on it to "internalize the externality". If you are "commenting" on this article you must speak about both factors as they are at the heart of article. You can use a diagram in which you show both of them (i.e. how consumption decreases from the equilibrium closer to the optimal one over time thanks to the regulation). Let me know if you have any questions. If you don't mind I would share this article on my blog too, I liked it so much - only of you agree, you were the one who found it . EconDaddyIB economics tutor and examiner Need help with IB econ? Click here. Reply Link to post Share on other sites More sharing options...
AnastasiaVr Posted March 19, 2015 Author Report Share Posted March 19, 2015 Let me know if you have any questions. If you don't mind I would share this article on my blog too, I liked it so much - only of you agree, you were the one who found it . EconDaddyIB economics tutor and examiner Need help with IB econ? Click here.Thank you very much!! Sure, feel free to share it. 1 Reply Link to post Share on other sites More sharing options...
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