1. 8. Look at the estimated price elasticities of demand for cigarees in Table 4.3. If the government of a high-income country raises taxes on cigarees, the price to consumers goes up. e extra revenue collected from the higher price goes to the government. Describe in a few sentences the effectiveness of taxing cigarees as

(a) part of a campaign to stop people from smoking, and

(b) a way of raising revenue. How would your answers differ if you were analyzing a low-income country?