class: center, middle, inverse, title-slide # Module 2: Demand for Cigarettes and Instrumental Variables ## Part 1: CDC Data on Smoking and Cigarettes ### Ian McCarthy | Emory University ### Econ 470 & HLTH 470 --- # History of Smoking .center[ , market shifts stemming from flawed tax design have resulted in between $2.5 billion and $3.9 billion in lost federal revenue between 2009 and 2018.[32] Fixing these problems or imposing moderate adjustments would solve problems while limiting risks of unintended consequences such as additional illicit trade and discouraging smokers from switching
Key Features: 500 CFM FOG POWER EASY TO REPLACE, RECHARGEABLE 18650 CELL FOOD SAFE SMOKE FORMULA ZERO WAITING / BOILING TIME CINEMATIC HAZE WITH LONG HANGTIME LIQUID SMOKE DRY ICE TEXTURE