Irony: quitters are making tobacco companies rich

ANALYSIS from the Economist: When lots of people smoked, there were many “price-elastic” consumers. In plain English, they were sensitive to increases in the cost of a cigarette. As more people have quit, however, only the most committed smokers are still puffing. Companies have responded by raising prices at an ever-quicker pace. MY COMMENT:  In…

Irony: quitters are making tobacco companies rich

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