are cigarettes inelastic The demand for is highly inelastic. This suggests that the incidence of a higher tax on cigarettes will fall primarily on Why cigarette companies remain profitable

Why cigarette companies remain profitable despite declining sales Elastic vs. Inelastic: What It Means for Smoking Elastic demand When a product is elastic, a price increase leads to a significant drop in consumption. Example: Luxury goods or 13.1 Why increasing tobacco prices matters Tobacco in Australia Solved) The demand for cigarettes is very inelastic compared to the supply of cigarettes, so if imposed on (1 Answer) Transtutors Can someone please explain? Is the question poorly written or am I missing something? : r CFA

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