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Other risks of smoking now include cataracts, low bone density and peptic ulcer disease

According to economic studies, a 1% increase in cigarette prices typically results in only a 0.4%-0.7% decrease in consumption.[26] More recent evidence suggests even lower price elasticity, with consumption decreasing by just 0.1%-0.3% for every 1% price increase.[27] This means that unless those who smoke switch to alternatives, such as SNP, or illegal markets expand significantly, raising cigarette taxes will consistently boost government revenue

They note that the findings are timely, as the U.S

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