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But it also shows that some economic activity never takes place (deadweight loss): When discussing the economics of taxation, I always try to remind people that deadweight loss also represents foregone taxable activity, which is why the Laffer Curve is a very real thing (as even Paul Krugman admits)

A study in 2019 found people who used e-cigarettes to quit smoking were twice as likely to succeed as people who used other nicotine replacement products, such as patches or gum

The trends in consumption of cigarettes and snus suggest that the two products are substitutes (as snus became more popular, cigarette consumption decreased)

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