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The answer is tobacco products are very INELASTIC which means total change in quantity demanded does NOT change much with a change in price. Both the cigarette companies and the government know this, which is why the companies continue to thrive and the government continues to impose taxes on tobacco. In simple terms, as cigarette prices rise, the quantity sold doesn%26#039;t change much. Very good question.
I am an MBA and a VP of Marketing at a $2billion firm
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