government has imposed high taxes on cigarettes leading to a rise in its price. but fall in demand is insignificant. why?
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Answer:
People are addicted
Explanation:
when you purchase a car to go office, You only purchase the liability to run it over fuel, Fuel Prices may go up and down, your Office distance is rather same.
If government have to make people stop, then they have to ban the compound or put a legal limit - upto which it will be highly priced.
People who are addicted are sufferers, And they pay the price by purchasing it expensive but similar dose.
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