Staits Times Article.
18th may 2008 page 20 (world)

Girl Gangster

It is mentioned that Australia is grappling with a new and ugly social phenomenon, which is the increased number of girl gangs, and "the easy availability of cheap alcohol, has contributed to.. binge drinking"

Hence, by applying the economic concept of increasing the price of cheap alcohol, the demand of it will drop, as demand of alcohol is said to be price elastic as a change in price brings about a more than proportionate change in quantity demanded. Research both in Australia and overseas shows young people in particular are price sensitive and that they will potentially move to other products or slow their drinking if price increases.This can also be seen from the fact that the percentage of young girls drinking has increased from 14% to 60% ever since the price of alcohol has dropped. Hence health minister Nicola Roxon said that on increasing the price of alcohol would deter teenage girls from drinking.


Done by: Valerie Chew 08s6e
Output time: 8:21 PM