one pagesThe Canadian Government was able to achieve a reduction in cigarette smoking such that when the
price was raised above $4 a pack adult smoking declined by 38% and teenage smoking declined by over 61%. What economic principle was at play here? Why the difference?
The US announced a stated goal of reducing teenage smoking by 30% in five years and 50% in seven years. What would you propose the tax rate should be over that period of time and why?
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How would you consider “what you learned” about elasticity of demand from this case study about the taxing of cigarettes?