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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Article published: Mar 13, 2015 – out of date: no longer suitable for your IB Economics commentary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

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