How much would I have to dilute in water to take only 100 mg of this? Or is there another method to getting the 100mg?

First of all, Licorice raises blood pressure , so you know. one capsule is 450mg to get 100mg about 1/4 of one capsule ,

Is this a liquid capsule ?

No it is not a liquid powder in capsule

I don't see any difference in the 2 choices except the price diffference?

As of 05/11/2018, one price is for a single bottle, one is for two bottles.

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