Suppose a Price Floor on Alcohol Is Set Above the Equilibrium

question 90

True/False

Suppose a price floor on alcohol is set above the equilibrium price.This will increase the supply of alcohol, leading to an increase in sales of alcohol.

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Definitions:

Psychotherapy Technique

Methods and strategies used in talk therapy to treat mental health issues.

Motivational Interviewing

A counseling approach that seeks to engage a client's own motivation to change behavior, focusing on exploring and resolving ambivalence.

Brief Intervention

A short counseling or therapy session aimed at inducing change in behavior, commonly used for substance abuse or risky health behaviors.

Controlled Drinking

A treatment approach for alcohol addiction which aims at moderating consumption rather than abstaining completely.