if the government permanently increases the price of cigarettes will the policy have a larger effect on smoking 1 year from now or 5 years from now
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Consider public policy aimed at smoking. a. Studies indicate that the price elasticity of demand for cigarettes is about 0.4. If a pack of cigarettes currently ...
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The government should increase the price by 50\% to reduce the quantity demanded by 20\%. Further the effects of any policy change will be felt over ... More
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