tag:blogger.com,1999:blog-38722876.post504157103937228028..comments2009-03-30T13:16:53.141-04:00The GW Patriothttp://www.blogger.com/profile/11197768827311353725thegwpatriot@gmail.comBlogger1125tag:blogger.com,1999:blog-38722876.post-7067114379336063832009-03-30T13:16:00.000-04:002009-03-30T13:16:00.000-04:00JJ,<BR/><BR/>The problem in your and Heritage's argument is that the demand for cigarettes is fairly inelastic (fairly vertical demand curve), meaning that changes in price barely effect changes in quantity demanded.<BR/><BR/>If you raise the price enough, will people eventually be unable to afford cigarettes? Yes. But because of the addictive properties of cigarettes, and the nature of a demand curve reflecting that, that price is a long way off.Connor Walshhttp://www.blogger.com/profile/12735795002751433057noreply@blogger.com