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Price Point Impact. Even with a linear demand curve, price elasticity for any product. (including tobacco) varies as the price for that product varies. De-. mand tends to be relatively inelastic at lower price levels (due to. smaller income effects), but grows more elastic as price increases.
Price effect in quantitative term, is the changed in quantity demanded of a good due to changes in its price,ceteris paribus. The price effect, however, is a net effect of two â¦ sub-effects: Income effect and substutuion effect.