LogFAQs > #931708974

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Topic	Bipartisan bill to slash child poverty
Questionmarktarius 12/17/19 12:17:10 PM #42:	Balrog0 posted... While the price elasticity of tobacco demand varies depending on the demographic, the rule of thumb in the United States is that a 10 percent price increase on a pack of cigarettes results in anywhere from a 2.5 percent to a 5.0 percent overall decline in smoking, with most studies showing an average 4.0 percent drop. with the remaining 95-97.5% apparently paying the tax anyway. <cite>Questionmarktarius posted [p:931708974] in Bipartisan... [t:78261779]...</cite> <quote>Balrog0 posted... </cite> <quote>While the price elasticity of tobacco demand varies depending on the demographic, the rule of thumb in the United States is that a 10 percent price increase on a pack of cigarettes results in anywhere from a 2.5 percent to a 5.0 percent overall decline in smoking, with most studies showing an average 4.0 percent drop.</quote>with the remaining 95-97.5% apparently paying the tax anyway. </quote> ... Copied to Clipboard!
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