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the price elasticity of demand (Ed) is 0.64 for cigarettes in the long run. Some argue that we need a 75% reduction in cigarette consumption
the price elasticity of demand (Ed) is 0.64 for cigarettes in the long run. Some argue that we need a 75% reduction in cigarette consumption to significantly improve health outcomes for society. What percentage price increase would reach that goal of 75% reduction in consumption
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