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Ng, J.S

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Master Settlement Agreement

[115] The labels on products state pods contain 59 mg/mL of nicotine, but the levels can be considerably greater such as 75 mg/mL of nicotine

Misjudging elasticity treating elastic products as inelastic, or vice versa can lead to lost sales, damaged margins, or price shock for customers

We note that while we have discussed increases in tobacco prices and vaping prevalence as potential explanations for the pattern of results we observed, there are likely to be other factors that influence young adults product preferences (including marketing)