How “the Grim Reaper effect” stops our government from saving lives
Vox Open Sourced
AUGUST 8, 2025
But obviously raising the price of the good will reduce the amount people buy; one major reason for cigarette taxes, after all, is to deter smoking. The CBO used a price elasticity of -0.3, meaning that a 10 percent increase in cigarette prices reduces the number sold by 3 percent.
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