Figure 2: Trends in Wine Prices and Sales.
Notes: These graphs display store-averages in wine prices (in $) and gallon sales, aggregated to the treatment state (Illinois) and control state (all other states) levels. In these calculations, each store received the same weight. The thin lines display the raw data (no seasonal adjustments are made) and are overlaid with thicker Locally Weighted Scatterplot Smoothing (LOWESS) lines.
