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State Regulation And Determinants Of Demand And Supply Of Addictive Goods

Table 1:

Type of alcoholic product Years Relationship between price and demand, yrs Arc elasticity of demand, yrs
Inverse Direct Elastic Inelastic Unitary
Vodka and liquors and spirits, including: 1992-2015 12 11 12 10 1
- legal 1992-2015 13 10 13 10
- illegal 1993-2015 11 11 18 4
Grape and fruit wines 2000-2015 11 4 10 5
Cognac 1992-2015 13 10 16 7
Champagne and sparkling wines 1992-2015 15 8 13 10
Beer 1992-2015 13 10 15 8
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