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
Irony: quitters are making tobacco companies rich
01 Nov 2025 1 Comment
in applied price theory, entrepreneurship, industrial organisation, managerial economics Tags: economics of smoking
1 Comment (+add yours?)