Word: cigarettesã
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Anti-smoking lobbyists persist in their fight for higher cigarette taxes, claiming that it keeps cigarettes away from teenagers and children. This claim is difficult to justify. Researchers at Cornell University just reported that the price elasticity of demand for cigarettes??€”how sales volume changes in response to price changes—is roughly zero for teens. That means that, within reasonable limits, teens will smoke about the same number of cigarettes no matter the price. Government statistics even show an increase in underage smoking in seven of eight states that have recently raised their cigarette taxes...