Most of the evidence points to a relatively high total price elasticity of tobacco consumption among teenagers. But those estimates could be exceedingly optimistic. How young people would respond to large changes in the price of cigarettes remains, like many of their behaviors, uncertain.
Orrin Hatch: “Most of the evidence points to a relatively high total price elasticity of tobacco consumption among teenagers. But…”
Editor's note · Context
Discussing the price elasticity of tobacco consumption among teenagers.
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