if the price elasticity of demand for cigarettes is 0.4 figure above represents and supply in the market cigarettes. Use the diagram to answer the following questions. A. What the value the excess burden of the tax? At Which Price is the

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Overwhelming, to say the least

Biscuits, noodles, atta, hotels, paper, agri But behind all that scale is one silent engine that keeps the show running - "cigarettes" They make up just 40% of revenue, yet contribute nearly 80% of profits, Thats a mind-bending 62% margin on a business most people assume is old economy. Think about it

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