Cigarettes problem, economics?

If taxes go up by 10%, the price of cigarettes will go up by how much? Why?

It depends how elastic or inelastic the demand is. If it is perfectly inelastic i.e. a life saving surgery then 100% of the tax would be passed on to the buyer. However in most cases the only a percentage is say 50%.
I'm gonna take a swag here.. uh..10 % ?
Well, draw the supply and demand for cigarettes that you think best characterizes the market, put the supply curve in a bit and see what happens to the price of cigarettes.
You want the answer in %, but you give neither the price elasticity of supply, nor the price elasticity of demand, nor what the current tax is as a percentage of the price. Go track those down and then maybe I'll answer your question. It will, however, be less than 10% times the current tax.
We have the largest inventory of cigarettes and tobacco products ever offered online. Native American Indian brands, American and foreign Value Brands, Generics, and Premium - made in the USA - brands.

There is a one time fee of 24.95. Once you receive your private debit card, you can order from our huge inventory.

After joining you will be sent a package with a private debit card with instructions on how to use. This is to ensure complete private transactions for the purchase of tobacco related items. Your name will not be given to any state or local governments to back tax you on your purchases.

For example A carton of Marlboro Kings (Reds), at this time, costs $29.95 which equates to $2.99/pack as opposed to the over $5.00 cost that you may be paying now and they will be delivered to your front door. You will also save by not spending money on gas to purchase your cigarettes.

If you are interested please visit my site below:

The answers post by the user, for information only, does not guarantee the right.

More Questions and Answers:
  • What do you mean by national income of a country?
  • How can i know about Economic Conferences taking place at the international level?
  • Wen u go 2 buy products , wat all do u check?give examples of differen types of products.?
  • Macroeconomics Questions?
  • Why is the cost of living in Britain so high?
  • How does the theory of the invisible hand promote a market system in today's economy? Does this theory apply?
  • Is the article "why its a good thing your grocery bill is going up" a good economic related article?
  • WHo can help me anwer this question?
  • Why do you think third world countries are poor?