Reference no: EM132214835
Davidson and De Silva (2018) have written a recent article entitled as “Did Recent Tobacco Reform change the Cigarette market” (pp. 55-74). Based on the above you are required to critically answer, not least, the following questions:
1. Compare and contrast the rate of cigarette smoking in Australia with your home country and the world average rate.
2. Draw and label fully a supply and demand curve diagram to explain how an excise tax on cigarettes affects:
• -demand for cigarettes when demand is inelastic compared with elastic;
• -tax revenue for the government,
3. Explain the idea of cost versus benefit when making decisions. Use this idea to analyse as to why:
• - the government wishes to reduce the rate of smoking; and
• - a smoker as they age should quit smoking.
You will need to support your answer with information through research. Hints: you must acknowledge the source materials appropriately, i.e., referencing.
4. Describe and evaluate the various policies over the years (other than a tax on smoking) that the Australian and State governments have enacted in order to reduce smoking.