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    Market prices in regards to alcohol consumption

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

    © BrainMass Inc. brainmass.com October 9, 2019, 4:02 pm ad1c9bdddf
    https://brainmass.com/economics/utility-demand/market-prices-in-regards-to-alcohol-consumption-20894

    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 ...

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