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Modeling the Effect of Nicotine Replacement Products on Cigarette Demand
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59:47 - 1:02:28 (02:41)

The availability of nicotine replacement products like nicotine gum or e-cigarettes can affect the decision of smoking cigarettes by consumers, and can be modeled through pricing. This article analyzes the demand curves of tobacco, cigarettes, and nicotine products and explains how the price elasticity of these products can impact their demand.

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