1. Use demand and supply graph to explain and discuss the factors affecting the demand and supply for tobacco products 2. Discuss the different ways or policies that reduce smoking and shift the demand curve for cigarettes and other tobacco products to th

1. Use demand and supply graph to explain and discuss the factors affecting the demand and supply for tobacco products
2. Discuss the different ways or policies that reduce smoking and shift the demand curve for cigarettes and other tobacco products to the left using proper examples

» a. Consider public policy aimed at smoking; i. Studies indicate that the price elasticity of demand for cigarettes is about 0.4. If a pack of cigarettes currently costs $2 and the government wants to reduce smoking by 20 percent, by how much should it inc
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» Contrast the two methods of calculating the profitability of the three products. Discuss the profitability of the three products
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