Q. Some have argued that higher cigarette prices do not deter smoking. While re are many arguments both for and against this view, some Find out subsequent argument to be most persuasive of all: " laws of supply and demand indicate that higher prices are ineffective in reducing smoking. In particular, higher cigarette prices will reduce demand for cigarettes. This reduction in demand will push equilibrium price back down to its original level. Since equilibrium price will remain unchanged, smokers will consume same number of cigarettes." Do you agree or disagree with this view? Explain.