Does alcohol consumption increase in bad times

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Reference no: EM131004965

Price, cross, and income elasticities-How do they relate to alcohol and cigarettes? Go to the National Bureau of Economic Research (NBER) Web site,www.nber.org, and select New Working Papers. In the Google search space, type "alcohol." Use the titles and summaries of the papers to answer the following questions relating to elasticity:

(a) Do the mentally ill have perfectly inelastic demands for cigarettes and alcohol?

(b) Does alcohol consumption increase in bad times?

Reference no: EM131004965

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