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Inhaled nicotine, so intimately connected with smoking, is regarded as a proxy for cigarettes and needs to be abolished too, despite the long-proven clinical reality that nicotine is a relatively benign substance

That clearly isn't possible because the folks in South America didn't miss a beat

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In addition, several endpoints were analyzed only using a small number of studies

As a result, demand and supply often (but not always) tend to be relatively inelastic in the short run and relatively elastic in the long run

***Note: the white triangle to the left of the tax burden (between the Q1 and Q lines) is what is called in econ-speak dead weight loss