A columnist on forbes.com discussed a proposal in the United Kingdom to have a minimum price for
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A columnist on forbes.com discussed a proposal in the United Kingdom to have a minimum price for alcohol. He wondered whether heavy drinkers would “reduce their consumption or whether they’ll just substitute away from other things. . . . Really, is alcohol a Giffen Good for a heavy drinker?” Explain his reasoning that alcohol may be a Giffen good for heavy drinkers.
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The question of whether alcohol can be considered a Giffen good for heavy drinkers is an interesting economic concept To understand this we need to fi...View the full answer
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Gaurav Soni
Teaching was always an area where I can pursue my passion. I used to teach my friends and junior during my school and college life. After completing my professional qualification (chartered accountancy) and before joining my job, I also joined an organization for teaching and guidance to my juniors. I had also written some articles during my internship which later got published. apart from that, I have also given some presentations on certain amendments/complex issues in various forms.
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