Essay on An Economic Analysis of a Rise in Alcopops Tax

4285 Words Jun 9th, 2009 18 Pages
An Economic Analysis of a Rise in Alcopops Tax

Joy Gu

Contents

1. Introduction……………………………………………………………………….4

2. Government Policy and Tax……………………………………………………..4 2.1 Taxation……………………………………………………………………….4 2.2 Bans on alcohol advertising………………………………………………….5 2.3 Brief interventions for reducing hazardous alcohol consumption………...6

3. Supply and Demand……………………………………………………………...7 3.1 The Demand Curve…………………………………………………………..7 3.2 Shifts in the Demand Curve…………………………………………………7 3.3 Demand and Supply Together……………………………………………….8 3.4 The Demand of Substitute Goods…………………………………………....9

4. Elasticity………………………………………………………………………….10 4.1 Inelastic Demand……………………………………………………….……11 4.2 Elastic
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2.1 Professor Ian Webster, chair of the Alcohol Education and Rehabilitation Foundation, said the number of young people putting themselves at risk of alcohol-related harm was "troubling" given the impact of alcohol on brain development.
Separate figures from the Bureau of Statistics reveal consumption of pre-mixed alcoholic drinks has leapt by 15% in the past year. The figures show that 60% of female drinkers aged between 15 and 17 reported drinking a pre-mixed drink, compared to 14% in 2000, suggesting the sweet and fizzy mixes are increasingly introducing young people to alcohol.
The foundation survey also underlines the rise of alcohol-related violence, with more than a quarter of respondents having been verbally abused by someone under the influence of alcohol, and almost one in 20 having been physically abused by a drunk person.
The survey of 23,000 people found the proportion of the general population drinking alcohol daily fell slightly and the number of people abstaining from alcohol climbed from 9.3% to 10.1%.
The alcohol industry seized on the survey to suggest that alcohol abuse was not getting worse. Stephen Riden, spokesman for the Distilled Spirits Industry Council of Australia, which represents alcohol manufacturers, said the study showed Australians were moderating their alcohol

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