What are the likely consequences of the following events on the Canadian market for tobacco
products? Explain and draw a supply and demand diagram to illustrate in each case. Show the impact
on supply, demand, equilibrium price and equilibrium quantity.
A)	Health Canada designates tobacco as an addictive substance. (2 marks)
B)	Parliament passes a bill that raises the excise tax rate on all tobacco products. (2 marks)
C)	Hurricane Greta drops 50 cm of rain on tobacco-growing regions which destroys 80% of
	the total tobacco crop. (2 marks)
D)	Several provinces sue the major tobacco companies for billions of dollars because of
	tobacco-related costs to their health care plans. (2 marks)
E)	Medical evidence that more than two cups of coffee a day, considered by many to be a
	substitute for smoking, greatly increases the risk of stomach cancer. (2 marks)
F)	Smokers discover that vaping can provide as much nicotine as smoking cigarettes
	but is less harmful overall. (2 marks)
G)	As official figures on legal recreational cannabis consumption start to roll in, researchers
	observe that cannabis and tobacco are complements. (2 marks)
H)	Parliament passes a bill that bans all tobacco products outright. (3 marks)