Keeler et al. (2004) estimate that the U.S. Tobacco Settlement between major tobacco companies and 46 states

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Keeler et al. (2004) estimate that the U.S. Tobacco Settlement between major tobacco companies and 46 states caused the price of cigarettes to jump by 45ยข per pack (21%) and overall per capita cigarette consumption to fall by 8.3%. What is the elasticity of demand for cigarettes? Is cigarette demand elastic or inelastic?
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