government intervention L7 M1 econ: disadvantage minimum price strategy

Question

disadvantage minimum price strategy

Dakota howells · Accepted Answer

1.	If demand has high ped – could hit production, profits and jobs in drinks industry
2.	Impact on high consumption groups – might be a regressive policy for low income families
3.	Doesn’t generate tax rev for the gov.

government intervention L7 M1 econ

Disadvantage minimum price strategy

1. If demand has high ped – could hit production, profits and jobs in drinks industry 2. Impact on high consumption groups – might be a regressive policy for low income families 3. Doesn’t generate tax rev for the gov.

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