Question 1 2 pts Scotland introduced a price floor for alcohol in 2018. Assume that heavy drinkers: - are likely to create the largest externalities from drinking, - buy a much greater fraction of their alcohol from cheap products - there are no close substitutes for alcohol Would a price floor be effective in reducing the externality? O Yes the price floor would target predominantly heavy drinkers O No, because the price floor would target predominantly light drinkers O No, because heavy drinkers would switch to more expensive alcohol O Yes, because light drinkers would switch to no-drinking