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when demand is price elastic: (1) and P , then TR(because quantity a lot) (2) and P , then TR (because quantity a lot) Demand is elastic if total revenue moves in the opposite direction as price

Congress knew the deregulated status quo was not an option, and it recognized that bans would not work either, because both extremes lead to the same result: illicit markets with no oversight, no underage prevention, no safety standards for adults, and no accountability

February 12, 1982

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The plan is backed by a broad coalition of public health groups, as well prominent Black officials like NAACP president and CEO Derrick Johnson and Los Angeles Mayor Karen Bass, who have appeared in ads by the Campaign for Tobacco-Free Kids touting the policy