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Price Elasticity (Total 8 points) Consider the Cigarette Market in Japan as described by below Supply & Demand diagram Cigarette Market S2 P (S) S1 $10 $5 Q (millions pack) 19 20 Suppose the Japan government impose a per-unit tax on cigarette in the country to fund the national smoke-free program

But as a long-time smoker myself, I find myself just as fascinated by Burroughs and cigarettes

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They also argue that the measure is a tax grab by health insurance companies, labor unions and hospitals, with just a fraction of the revenue going to actual smoking prevention programs