How does the responsiveness to cigarette advertising and price differ between youths and adults? Why is this important? 6. Explain how it is possible to advertise too little or too much. 7. Suppose it takes considerable time for the large majority of cigarette smokers to become fully informed about the fact that cigarette prices have risen all over. How would this matter to the effectiveness of a tax hike? What other effect of a cigarette tax hike may take considerable time? 8. How would an excise tax hike in Kansas curb smoking among Kansans if the neighboring states (e.g., Missouri, Nebraska) did not also hike their cigarette excise taxes? 9. When all costs are considered, which public policy tool for curbing the consumption of bads would be the most costly to administer for a given amount of consumption reduction among consumers?
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How does the responsiveness to cigarette advertising and price differ between youths and adults? Why