The united kingdom has a drinking problem. british per-capita consumption of alcohol rose 19% between 1980 and 2007, compared with a 13% decline in other developed countries. worried about excessive drinking among young people, the brtish government increased the ax on beer by 42% from 2008 to 2012, does a specific tax substantially reduce the equilibrium quantity of alcohol? answer in terms of the slopes of the demand and supply curves. assume the demand curve is downward sloping and the tax is paid by consumers. a specific tax on consumers o a. will substantially reduce the equilibrium quantity of alcohol if the demand is completely vertical o b. will increase the equilibrium quantity of alcohol. o c. will not substantially reduce the equilibrium quantity of alcohol if supply is relatively vertical o d. will substantially reduce the equilibrium quantity of alcohol if demand is relatively vertical. o e. will not substantially reduce the equilibrium quantity of alcohol if supply is completely horizontal.