V. State whether you agree or disagree with thefollowing statements and briefly explain why. Please draw graphs toexplain your answer, where appropriate.
In some states, the state government owns and operates theliquor stores. The governor of one of these states made thefollowing statement.
\"An increase in the price we charge for liquor would fight thetwin evils of alcoholism and the state budget deficit. Even a smallprice increase would greatly decrease the use of alcohol and wouldincrease the revenue going to the state.\"Â Â
