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The marginal social cost of using the resource will typically exceed the marginal private cost, leading to overconsumption of the resource

Texas is the second-largest populous state in the USA and first in Convenience Store count

These elasticity measures when considered together give a more complete view of consumer behavior, demand drivers, and market dynamics

There is a tradition of growing, processing, consuming and manufacturing tobacco, as well as high social acceptance of tobacco consumption

N Engl J Med 372:631640 Choi S, Chang J, Kim K, Park SM, Lee K (2017) Effect of smoking cessation and reduction on the risk of cancer in Korean men: a population based study