When ordering a cocktail, a glass of wine or beer, what price point do you consider to be cheap, moderate and expensive?

We hearing complaints about top shelf drink vs Premium drinks and what we expect to pay for an all inclusive that makes it good value.  eg I think DV8 priced at $55 was good value but have heard others points of view.

Does your perception change depending on where you’re located (e.g. $5 for a pint of beer in NYC might be considered a steal, but in other areas it could be viewed as outrageous)? Tell us what you think.

Are we just plain old abusing the word "Premium" in our all-inclusive parties?