Sentences with phrase «when cigarette prices»

The same thing happens with a variety of other commodities — when cigarette prices rise in Texas, people in North Texas who can drive up to Cherokee Country do and bring back cheaper cigarettes.

Not exact matches

When smokers consider the price of cigarettes plus the loss of the discount, the disadvantage is clear.

Some products are «inelastic» meaning when prices go up demand doesn't fall much (think cigarettes, alcohol or even illicit drugs).

They've come a long way in a short time: it was just over four years ago, April 2, 1993 to be precise, when Philip Morris cut the price of Marlboro cigarettes by 40 cents a pack.

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.