Please, read the article Hainer, R. (2010), http://www.cnn.com/2010/HEALTH/04/24/social.smokers/index.html. The tobacco industry is a prime example to consider when talking about price elasticity of demand. While nicotine use can be addictive for many users, it is not addictive for the so-called "social smokers". Answer the following questions....What can we say about the price elasticity of demand for nicotine products (such as cigarettes, pipes, tobacco) in the group of nicotine addicted users, versus the group of "social smokers"? Can we say whose demand is likely to be more elastic? Explain in detail why?
Provide your response to the discussion question in 600 words or more. Further, comment on the effectiveness of government policy aimed at reducing the negative effects of smoking on health. For example, consider high taxation on producers? - is that effective. Please make this in clear and detailed English. I need to understand this and be able to apply it in the future so please teach me!!!!!!! Please give at least 2 references and include the internet web page address so I can read ait and if you quote include this aling with the page and paragraph so I can follow along