I am curious how to answer this This policy of imposing a m

I am curious how to answer this :

This policy of imposing a minimum price for alcohol as a way to reduce binge drinking is likely to be

Market for Alcohol alcohol? Pence per unit 1.) Using the point drawing tool, indicate the quantity demanded at the price of 30 pence. Label your point \'A 2.) Using the point drawing tool, indicate the quantity supplied at the price of 30 pence. Label your point \'B\'. 35 30 25 20 3.) Using the double-sided arrow drawing tool, depict the gap between the quantity supplied and quantity demanded when the minimum price of alcohol is set at 30 pence per unit. Properly label your double arrow line Excess Supply Carefully follow the instructions above and only draw the required objects for alcohol as a way to reduce binge drinking is likely This policy of imposing a minimum price to be successful since the increase in price will cause the quantity demanded of alcohol to decrease 10

Solution

The diagram is correct.

This policy of imposing a minimum price for alcohol as a way to reduce binge drinking is likely to be successful, since the increase in price will cause the quantity demanded of alcohol to change. (Quantity demanded reduces from 8 units to 6 units after imposition of a minimum price)