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Excerpt from Agricultural Economics Research, Vol. 14: July 1962 As already indicated, the price of smoking to bacco was dropped as a variable, on the basis of results from preliminary analyses. Normally, the price of smoking tobacco has little effect on cigarette consumption. Unlike more usual cases of competing products, consumers do not keep the respective price of cigarettes and smoking tobacco under surveillance to decide which is the better buy. Thus, normally, changes in prices of emok ing tobacco do not by themselves win additional smokers or deter confirmed smokers. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.