Skip to content

Quantity Quote by William Lyon Mackenzie King

“Each year, therefore, a dollar spent on alcoholic beverages has purchased a smaller quantity.” quote by William Lyon Mackenzie King
Download Open image
“Each year, therefore, a dollar spent on alcoholic beverages has purchased a smaller quantity.”

William Lyon Mackenzie King

About This Quote

Source Speech: Economic Report, Canada, 1935

The price of alcohol rises faster than income, so each dollar buys less drink over time.

In simple terms: Alcohol costs more relative to earnings.

Key Takeaway

Adjust consumption as prices rise.

Themes

economics inflation consumption policy public health

Mood

concerned analytical

Type

observational policy-oriented

When to use this quote

  • personal budgeting
  • government policy
  • public health campaigns
  • consumer behavior

Key Concepts

price elasticity inflationary pressure budgeting

Questions to Reflect On

  • How do rising costs affect drinking habits?
  • What policies could mitigate negative impacts?
A Different Perspective

Higher prices may not deter consumption for heavy drinkers.

2.1 out of 5 (7 ratings)

More by William Lyon Mackenzie King

Explore all 41 William Lyon Mackenzie King quotes

More Quantity quotes

Browse all 826 Quantity quotes