Which pricing strategy did the UK government successfully implement to reduce plastic bag usage by over 95% in major retailers?

Government agencies utilize various pricing strategies for public services, permits, and programs to balance accessibility, revenue generation, and policy objectives. Test your knowledge about how different pricing approaches are used in the public sector to achieve specific governmental goals. Understanding these strategies reveals how governments can influence citizen behavior, manage resource allocation, and implement policy priorities through strategic pricing decisions.

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Mandatory minimum price point of 5-10 pence per bag
Complete ban on plastic bags with heavy retailer fines
Voluntary retailer-funded discount for bringing reusable bags
Progressive taxation system based on retailer size and bag volume