Sentences with phrase «raise cigarette prices»

In response, tobacco companies would raise cigarette prices.

Philip Morris raises its cigarette prices whenever taxes increase.

Not exact matches

In Brooke Group Ltd. v. Brown & Williamson Tobacco Corp., 98 the Supreme Court formalized this premise into a doctrinal test.The case involved cigarette manufacturing, an industry dominated by six firms.99 Liggett, one of the six, introduced a line of generic cigarettes, which it sold for about 30 % less than the price of branded cigarettes.100 Liggett alleged that when it became clear that its generics were diverting business from branded cigarettes, Brown & Williamson, a competing manufacturer, began selling its own generics at a loss.101 Liggett sued, claiming that Brown & Williamson's tactic was designed to pressure Liggett to raise prices on its generics, thus enabling Brown & Williamson to maintain high profits on branded cigarettes.

NYC Mayor Bill de Blasio threw his support behind a series of initiatives to cut tobacco use, including raising the minimum price of a pack of cigarettes to $ 13 and taking steps to eventually reduce the number of stores that can sell tobacco products.

New York City Mayor Bill de Blasio signed legislation Monday aimed to reduce smoking that raises the minimum price of cigarettes to $ 13.00, the highest in the United States.

In an effort to bring the city's smoking rate to its lowest ever level by 2020, New York City Mayor Bill de Blasio on Wednesday endorsed a proposal that will raise the cost of a pack of cigarettes from $ 10.50 to $ 13, a price designed to snuff sales.

A pack of cigarettes now costs more than $ 5 on average — with some states tacking on additional taxes that raise the price even more.

The company will continue to grow by incrementally raising prices on cigarettes to boost margins and increase the bottom line.

Since the demand curve for cigarettes is relatively inelastic (people keep buying them no matter the price — within reason), the company can raise prices more than cigarette tax increases, and increase its margins in the process.

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We can raise the price of cigarettes through taxes, which is known to reduce demand, especially among young people who are the industry's reservoir of future addicts to their legal product.