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It is important to note that while e-cigarettes and other nicotine-containing tobacco products may not be as harmful as combustible products when directly compared to each other, they are not safe, have unique harm profiles independent of combustible tobacco, and pose particular health risks for youth
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In conclusion, the concept of price elasticity of demand, encompassing elastic, inelastic, and unit elastic demand, as well as the theoretical extremes of perfectly elastic and perfectly inelastic demand, provides a valuable framework for analyzing consumer behavior and market dynamics
They are, however, still dwarfed by a tobacco market estimated by Euromonitor to be worth around $700 billion
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