Irish govt’: price floor on alcohol to decrease the negative externalities of its consumption

Irish Examiner: 200 fewer deaths with minimum €1 alcohol price Article published: Mar 13, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microeconomics (market failure, negative externalities) By setting a minimum price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 [...]