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Business, 16.07.2020 16:01 holyturnley

Please read Ray Hainer's article, "Social smokers aren't hooked on nicotine, just smoking," and provide your thoughts and opinions on the article. The tobacco industry is a typical example to consider when we discuss about a price elasticity of demand. While nicotine use can be addictive for many users, it is not addictive for the so-called "social smokers." What can we say about the price elasticity of demand for nicotine products (such as cigarettes, tobacco, pipes) in the group of nicotine addicted users versus the group of "social smokers"? Can we say social smokers' demand is likely to be more elastic or less elastic than nicotine addicted users' demand?

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Please read Ray Hainer's article, "Social smokers aren't hooked on nicotine, just smoking," and prov...
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