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The price elasticity of demand for good Z = 0.52.

Read more about Imperial Tobacco Group's stock forecast and price target

A survey conducted by Mississippi State Universitys Social Science Research Center showed that while the majority of state residents oppose most tax increase proposals, almost 72 percent support a $1.50 increase on a pack of cigarettes

and other accoutrements to augment or ease the process of, and hygiene surrounding, snuff use (such as handkerchiefs, sniffing tubes (sniffers), and snuff spoons)

The vote came after a recommendation vote and public hearing on Monday by the council's public health and safety standing committee