What happens to the price of cigarettes when a cure for lung cancer is found?
Question by Christina: What happens to the price of cigarettes when a cure for lung cancer is found?
Best answer:
Answer by Andro
go up but cigarettes should be illegal.
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They would stay the same.
That depends on the price of the cure and wether they will face the cost of government will cover them.
The producers will increase price. Demand is highly inelastic.And the cure is paid by Medicare and Medicaid, or private insurance firms.