On the recordJune 1, 1998
A key finding is that: Younger adult males are highly sensitive to price. This suggests that the steep rise in prices expected in the coming months could threaten the long-term vitality of the industry by drying up the supply of new, younger adult smokers entering the market. That is from an R.J. Reynolds document. The smoking industry--the tobacco sellers--are saying don't raise the price because it will reduce the young kids that we can get addicted to cigarettes. That is the reason we are here raising the price. The Senator can say he doesn't want to vote to stop young kids from smoking.
Source
govinfo.gov




