Irish Examiner: 200 fewer deaths with minimum €1 alcohol price
Article published: Mar 13, 2015 – out of date: no longer suitable for your IB Economics commentary
IB Economics syllabus: Microeconomics (market failure, negative externalities)
By setting a minimum price on alcohol, the Irish govt’ aimed at reducing the consumption of this demerit good. They seem to have been successful.
Source of image: Irish Examiner