Reference no: EM133401476

Question: The government introduced minimum pricing for alcohol in Ireland on 4th January 2022. Based on your knowledge of economics and your research on this topic discuss why this measure was introduced and its likely effects on the market and on society. How effective has it been to date? Your answer should be written in essay format and should include the following: The aim and objective of the measure and justification for its implementation, details of the measure, date of implementation, pros and cons of the measure. A theoretical diagram illustrating the effects of the measure. Information on the success or failure of the measure in Ireland and in other jurisdictions The answer to this question should be 1 page, including the diagram. There are lots of sources of information on minimum pricing for alcohol in Ireland. Please ensure that you use reputable sources when doing your research on this topic. Material must be referenced properly in your answer. Material must not be copied directly from other sources, including another student. The answer should be written in a coherent and logical manner and should not simply be a reproduction of lecture notes. Your answer should clearly demonstrate your wider knowledge of the topic based on your own research.