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How does the elasticity of demand for tobacco products differ for children versus adults? How can government use this difference?

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How does the elasticity of demand for tobacco products differ for children versus adults? How can government use this difference?
Answered Same Day Dec 25, 2021

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David answered on Dec 25 2021
126 Votes
The elasticity of tobacco products would be higher for children as compared to adults. This is
ecause the adults would be more addicted to tobacco products than children and hence
would find is difficult to leave even if prices are raised. Also, the financial resources
available to adults...
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