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Abstract: It has been shown that economic factors can have a decisive effect on the ability to purchase a product. The product under consideration is alcohol and its availability to adolescents. Although preventative programmes are in place, statistics indicate that success of deterrent programmes is questionable when used in isolation. Therefore, if a government regulatory agency were to make a decision about substantially curtailing the use of alcohol by adolescents to alleviate its long term effects, the agency could learn from economics theories surrounding supply and demand, particularly in relationship to binding price floors. But this would not work in isolation because of market factors. Therefore, the ultimate policy would incorporate educational methods as well. 5 works sited. jvAlcPrc.rtf
Catagory:
Subcatagory: Miscellaneous Economic Issues
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