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Article Summary In an Attempt to Discourage Smoking, New York City Mayor

question 215

Multiple Choice

Article Summary
In an attempt to discourage smoking, New York City Mayor Michael Bloomberg proposed a bill which would set a $10.50 minimum price for a pack of cigarettes. The bill would also prohibit retailers from offering any discounts such as 2-for-1 offers or accepting discount coupons. New York City already has the highest cigarette tax in the country, at $5.85 per pack, and the state of New York is one of many which already require cigarettes be marked up by a specified percentage. This bill is a companion to one which would require stores to keep tobacco products hidden from sight. Although the bills are expected to be challenged in court, a precedent has been set in Rhode Island, where a court upheld a ruling allowing the city of Providence to forbid retailers from accepting coupons and offering discounts on cigarettes.
Source: Vivian Yee, "Bloomberg Seeks End to Cheap Cigarettes," New York Times, March 26, 2013.
-Refer to the Article Summary. The minimum price of $10.50 per pack of cigarettes being proposed by mayor Bloomberg would have which of the following effects on the market for cigarettes?


Definitions:

Quarterly Report

A financial statement issued by a company every three months, providing a summary of its operational and financial performance.

Technical Data

Information that pertains to the technical aspects of a product, service, or system, including specifications, measurements, and usage instructions.

Decision Makers

Individuals or groups responsible for making choices that will impact the outcomes of a situation or strategy.

Parking Garages

Multi-level buildings or structures designed to house numerous vehicles, optimizing space in densely populated areas.

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