The us tobacco settlement agreement between the major


The U.S Tobacco Settlement Agreement between the major tobacco companies and 46 states caused the price of cigarettes to jump 45 cents (21%) in November 1998. Levy and Marea (2006) find only 2.65% drop in prenatal smoking 15 months later. What is the elasticity of demand for prenatal smokers?

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Business Economics: The us tobacco settlement agreement between the major
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