What is the elasticity of demand for prenatal smokers

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Reference no: EM133365011

Question: The U.S. Tobacco Settlement Agreement between the major tobacco companies and the 46 states caused the price of cigarettes to jump 45cents (21%) in November 1998. Levy and Meara (2006) found only 2.65% drop in prenatal smoking 15 months later. What is the elasticity of demand for prenatal smokers?

Reference no: EM133365011

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