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pricing Tobacco Asia Increasing Tobacco Prices Through Non Tax Approaches Counter Tobacco Elastic vs. Inelastic: What It Means for Smoking Elastic demand When a product is elastic, a price increase leads to a significant drop in consumption. Example: Luxury goods or Cigarettes and other #tobaccoproducts are set to become significantly more expensive from February 1, 2026, after the Centre announced a steep hike in excise duties, citing rising public health costs and long standing Tobacco Profits Feel Price Kick WSJ

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