Explore BrainMass

Explore BrainMass

    Market prices in regards to alcohol consumption

    Not what you're looking for? Search our solutions OR ask your own Custom question.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    How would I determine the market prices in regards to alcohol consumption?

    © BrainMass Inc. brainmass.com May 24, 2023, 1:25 pm ad1c9bdddf

    Solution Preview

    A market based price is a price set by the mutual decisions of many buyers and sellers in a competitive market. High demand for alcohol by buyers would raise the market prices. In order to decrease consumption of alcohol many states choose to put a tax on such items as alcohol making alcohol more expensive to ...