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Other Papers on :Market System: Price, Demand and Supply

P/E/314. Demand for cigarettes in the UK: price elasticity

(2005, 1500 words)

The paper studies the factors determining the demand for cigarettes in the UK reviewing theories on demand for a good, and examining the relationship between the price of cigarettes and their demanded quantity over a studied period of time. The issues of cigarette taxation are discussed in the context of Price elasticity of demand (PED).
 
   
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