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Figure 5.9 Passing along Higher Costs to Consumers Higher costs, like a higher tax on cigarette companies for the example we gave in the text, lead supply to shift to the left
Mizgerd, J.P
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This theme spans decades of cigarette ads targeting youth, from the 1920s Fatima cigarettes slogan, the younger crowd, to the 1930s and 40s Old Gold slogan, for young ideas, to the 1950s Philip Morris slogan for those with keen, young tastes. Internal industry documents show that young people have been (and remain today) a key marketing target for tobacco companies
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