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Sensitivity analyses with linear terms for continuous covariates instead of polynomial terms were comparable (eTable 5 in the Supplement)
To figure out the elasticity of Demand, you may utilize the following formula: PED = % Change in Quantity Demanded % / Change in Price Example: Imagine youre at a bakery, and the price of your favorite muffins goes up from $2.00 to $2.20 each
It's always difficult to quantify how much damage each cigarette has because effects aren't always linear
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