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Similarly, when a government introduces a tax in a market with an inelastic supply, such as, for example, beachfront hotels, and sellers have no alternative than to accept lower prices for their business, taxes do not greatly affect the equilibrium quantity

"It was a response to a public that was starting to worry about the health consequences of smoking." The ads hail from Stanford Research into the Impact of Tobacco Advertising, which Jackler founded in 2007 after his mother, a smoker, was diagnosed with lung cancer

Others include pulmonary conditions such as chronic obstructive pulmonary disease, heart disease, stroke and multiple forms of cancer