Study Document
Supply, Demand and the Excise Term Paper
Pages:6 (1910 words)
Sources:10
Subject:Social Issues
Topic:Underage Drinking
Document Type:Term Paper
Document:#86624231
Furthermore, it appeared that the consumption of alcoholic beverages among the youth increased throughout the three-year duration of the survey. In terms of the young females (in high school), the drinking path has been described as "an absolute disaster" (Fyfe, 2010). The primary explanation as to why alcopops became even more popular among the youth is given by the inability of the tax to impact the parents -- who in most cases are the very sources of alcohol. "As parents were the primary source of alcohol among current drinkers, their ongoing preference for premixed spirits may not be surprising, as it is likely that these beverages are affordable to most parents, even after the tax increase" (Fyfe, 2010).
The Australian case of the excise tax on alcopops reveals a limited efficiency in reducing binge drinking among adolescents and it is expected that the same results would be registered within the United States. The tax would have to be extremely high in order to limit the access to the alcopops, but the introduction of such a tax would raise issues of constitutionality from the part of the players in the alcohol industry. Given this situation, the most effective means of reducing binge drinking would be that of education and support.
References:
Fyfe, M., 2010, Alcopop tax fails to curb teenage drinkers, The Age, http://www.theage.com.au/victoria/alcopop-tax-fails-to-curb-teenage-drinkers-20100925-15rnz.html last accessed on September 27, 2010
Mossman, S., 2008, Alcopop drinks 'fuelling binge dirnking', The Sydney Morning Herald, http://news.smh.com.au/national/alcopop-drinks-fuelling-binge-drinking-20080327-21x5.html last accessed on September 27, 2010
Riley, G., 2006, Price elasticity of demand, Tutor2U, http://tutor2u.net/economics/revision-notes/as-markets-price-elasticity-of-demand.html last accessed on September 27, 2010
Ryan, S., 2008, Alcopops binge drinking stat5istics doubted, The Australian, http://www.theaustralian.com.au/news/alcopops-statistics-doubted/story-e6frg6no-1111116519824 last accessed on September 27, 2010
2005, Percentage of adults who reported binge drinking by state and gender, National Institute on Alcohol Abuse and Alcoholism, http://www.niaaa.nih.gov/Resources/DatabaseResources/QuickFacts/Adults/brfss03b.htm last accessed on September 27, 2010
2009, Government to try again with alcopops tax, News, http://www.news.com.au/second-round-for-binge-drinking-tax/story-0-1225699169954 last accessed on September 27, 2010
2010, Alcohol and public health, Centers for Disease Control and Prevention, http://www.cdc.gov/alcohol/fact-sheets/binge-drinking.htm last accessed on September 27, 2010
2010, Economics basics: elasticity, Investopedia, http://www.investopedia.com/university/economics/economics4.asp last accessed on September 27, 2010
Price floor, College Cram, http://www.college-cram.com/study/economics/government-intervention/price-floor / last accessed on September 27, 2010
Supply and demand, Zahablogs Economic World, http://www.zahablog.com/?page_id=224 last accessed on September 27, 2010
Sample Source(s) Used
References:
Fyfe, M., 2010, Alcopop tax fails to curb teenage drinkers, The Age, http://www.theage.com.au/victoria/alcopop-tax-fails-to-curb-teenage-drinkers-20100925-15rnz.html last accessed on September 27, 2010
Mossman, S., 2008, Alcopop drinks 'fuelling binge dirnking', The Sydney Morning Herald, http://news.smh.com.au/national/alcopop-drinks-fuelling-binge-drinking-20080327-21x5.html last accessed on September 27, 2010
Riley, G., 2006, Price elasticity of demand, Tutor2U, http://tutor2u.net/economics/revision-notes/as-markets-price-elasticity-of-demand.html last accessed on September 27, 2010
Ryan, S., 2008, Alcopops binge drinking stat5istics doubted, The Australian, http://www.theaustralian.com.au/news/alcopops-statistics-doubted/story-e6frg6no-1111116519824 last accessed on September 27, 2010
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