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Many buyers face unexpected losses this way
In the more mature markets of the Americas and Europe, cigarette stick sales have declined, prices have increased, while sales values have remained relatively stablepartly due to effective cigarette taxation.16 Although higher than in some other regions, demand remained inelastic in these regionssuggesting that the tobacco industry leverages the price inelasticity of cigarettes by consistently increasing prices in response to higher taxation to sustain revenue
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