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An equivalent of 605.8m cigarettes in illegal tobacco was seized at the border in 2019-20, according to government figures

In economics, when the price of a good or service (like cigars or alcohol) has little to no effect on the quantity demanded, it's considered inelastic

Every study has limitations

This is due to the continuously increasing CAGR (Compound Annual Growth Rate) of the tobacco industry which is projected to rise by 2.5% from 2024 to 2030