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Matthew Farrelly, who has also studied the issue, believes that elasticities have likely declined from 0.4%, but not as much as Callison and Kaestner estimate
And government legislation currently progressing through parliament - called the Tobacco and Vapes Bill - will soon mean anyone born on or after 1 January 2009 will not be legally allowed to buy tobacco in the UK
"It's not an uncommon story," he said
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The landscape of smoking has undergone a revolutionary transformation over the past decade
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