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This paper will research whether increases in cigarettes prices due to increased costs faced by the manufacturers will decrease demand significantly or whether the addiction to cigarettes is too strong.
The answer to this question is very interesting because there have been many advocates of the idea of taxing cigarettes heavily in an attempt to augment the demand function of cigarette smoking consumers, with the end result of less cigarette consumption in America. Every year millions of citizens suffer from health care problems ranging from minor health care maladies to death, many of these which would be non-existent with the absence of cigarette smoking...
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