Would you expect a tax on cigarettes to be more effective at discouraging consumption over the long run or the short run?

Name: Would you expect a tax on cigarettes to be more effective at discouraging consumption over the long run or the short run?
Brand: Quizplus
Rating: 4.7 (49 reviews)

Question

Quizplus · Accepted Answer

In the long run, consumers have more time to adjust their behavior and find substitutes for cigarettes, making their demand more elastic. This means that a tax on cigarettes will have a greater impact on reducing consumption over time.

Would You Expect a Tax on Cigarettes to Be More