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In a significant shift in consumer behavior, cigarette sales in the United States have plummeted to their lowest level since the Federal Trade Commission (FTC) began tracking them in 1963

The estimates for California and Michigan compare favorably to those computed by Lovenheim (2007), who estimated the home state price elasticity of -0.46 for California and -0.22 for Michigan

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The profit from smoking is made by private companies and their shareholders, while the costs are paid by individuals in their health and wellbeing, and by taxpayers supporting health services

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