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To calculate the price elasticity of demand, we need to divide the percentage change in quantity demanded by the percentage change in price: Price Elasticity of Demand = Percentage change in quantity / Percentage change in price Furthermore, in this case, if the price of a product increases, consumers may stop or reduce the purchase of the good or switch to another alternative available in the market

"The UN Convention on the Rights of the Child must also be consistently enforced in the area of tobacco advertising ", said Holger Hofmann, director of the charity, adding that the tobacco industry must be regulated to such an extent that the welfare and rights of a child is not compromised

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Indeed, despite all we know about the harms of tobacco, it is still the case that one in four high school seniors is a smoker and youth tobacco rates have barely budged over the past decade