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doi: 10.3389/adar.2023.11628 Received 30 May 2023 Accepted 28 July 2023 Published 11 August 2023 Volume 3 - 2023 Edited by Jenny Wilkerson, Texas Tech University Health Sciences Center, United States Reviewed by Kaytlin Krutsch, Texas Tech University Health Sciences Center, United States Elizabeth Yen, Tufts University, United States Updates Copyright 2023 Wells and Lotfipour

Elasticity and Tax Incidence The example of cigarette taxes showed that because demand is inelastic, taxes are not effective at reducing the equilibrium quantity of smoking, and they are mainly passed along to consumers in the form of higher prices

Shortly thereafter, Shirer recorded in his diary: The [Austrian] crisis has done one thing for us