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In laymans terms, an elasticity of -0.3 means a price increase of 10 percent will lead to a drop in consumption of 3 percent, while a -0.8 elasticity means a price increase of 10 percent leads to an 8 percent drop in purchases

FDA REGULATIONS The Food & Drug Administrations 2009 Tobacco Control Act regulates the manufacture, distribution and marketing of tobacco products

Across all states, the average pack cost rose by roughly 44% in five years

For example, a recent Fixes post, For Teenage Smokers, Removing the Allure of the Pack, begins with a compelling statistic: only 1 in 10 smokers picks up the habit after age 18