Application Question 3 Week 3

Application Question 3 Week 3 - population easier to reach....

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Application Question #3 Health officials would like to use the increased tax revenue for non-smoking campaigns targeted towards the teenage population due to the fact that an increased cigarette price would drastically impact the percentage of disposable income that youth tend to have contributing to the statistic that few individuals begin smoking after the age of 20 making the teenage
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: population easier to reach. Meanwhile, governments would like to see the revenue keeping in mind the inelasticity of supply and demand amongst adults, therefor even if adult smokers take in mind the cost change theyre more likely to budget accordingly as their incomes are much more stable....
View Full Document

This note was uploaded on 01/14/2012 for the course ECO 550 taught by Professor Gooding during the Spring '09 term at Strayer.

Ask a homework question - tutors are online