Table 1: UK Alcohol Expenditure and Prices and UK IncomeYearUK HouseholdUK AlcoholPrice IndexUK Meanexpenditure onalcohol. (£s)EquivalisedDisposable Income(£s)27,97727,93827,28326,65827,34328,53029,02929,81229,0992009201017,85418,33317,85318,01917,81817,83218,15918,51819,253236.0244.3258.520112012201320142015267.0274.9280.2281.72016283.42017291.3Table 1 contains information about average UK income, UK alcohol prices andspending on alcohol taken from the ONS. Use consumer theory to explain thechanges to the consumption of alcohol in the UK.

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Table 1 contains information about average UK income, UK alcohol prices and spending on alcohol taken from the ONS. Use consumer theory to explain the changes to the consumption of

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

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Question

Table 1: UK Alcohol Expenditure and Prices and UK Income
Year
UK Household
UK Alcohol
Price Index
UK Mean
expenditure on
alcohol. (£s)
Equivalised
Disposable Income
(£s)
27,977
27,938
27,283
26,658
27,343
28,530
29,029
29,812
29,099
2009
2010
17,854
18,333
17,853
18,019
17,818
17,832
18,159
18,518
19,253
236.0
244.3
258.5
2011
2012
2013
2014
2015
267.0
274.9
280.2
281.7
2016
283.4
2017
291.3
Table 1 contains information about average UK income, UK alcohol prices and
spending on alcohol taken from the ONS. Use consumer theory to explain the
changes to the consumption of alcohol in the UK.

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