tag:blogger.com,1999:blog-1213331072378388884.post2581157860238041794..comments2024-03-19T08:45:10.745-05:00Comments on Hayward "Blah, Blah, Blah" Blog---Just a (Retired now) High School Economics Teacher. That's all...: A State tries to re-write the rules on Elasticity of Demand. Smoke em' if you have em'...GeneHaywardhttp://www.blogger.com/profile/08848814178464097668noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1213331072378388884.post-73547793097504247582011-03-25T05:12:13.165-05:002011-03-25T05:12:13.165-05:00Seems to me that people in New Hampshire seem to b...Seems to me that people in New Hampshire seem to be smoking some stronger stuff than Cigarettes.Unknownhttps://www.blogger.com/profile/00211012892241919336noreply@blogger.comtag:blogger.com,1999:blog-1213331072378388884.post-61357796273897588052011-03-23T16:53:48.182-05:002011-03-23T16:53:48.182-05:00We talked about this concept in Micro and it reall...We talked about this concept in Micro and it really helped me see how the conventional logic of reducing the price of a good to induce more revenue is challenged when compared to fundamental economic concepts such as elasticity. It seems like the more politicans focus on the the root cause of economic problems the more those problems will be able to be resolved in the long runGreg Dunnnoreply@blogger.comtag:blogger.com,1999:blog-1213331072378388884.post-76304009908825367872011-03-22T22:12:02.049-05:002011-03-22T22:12:02.049-05:00Seeing as how the quantity demanded for cigarettes...Seeing as how the quantity demanded for cigarettes will not likely be greater than 1.6%, it seems pointless to reduce the tax on cigarettes by $.10. If you ask me, New Hampshire should be trying to figure out how to produce revenue for the city by creating more jobs. Instead of lowering the taxes on cigarettes they should be creating jobs where cigarettes are sold ,since they believe that they&#Kira Whitenoreply@blogger.com