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Nationally, the rate was 18.0%.2 Economics of tobacco use and tobacco control Tobacco taxes in New Jersey New Jersey received $829.7 million (estimated) in revenue from tobacco settlement payments and taxes in fiscal year 2022.3 Of this, the state allocated $7.1 million in state funds to tobacco prevention in fiscal year 2022, 6.9% of the Centers for Disease Control and Preventions annual spending target.3 Smoking-caused health care costs: $4.72 billion per year.3 Smoking-caused losses in productivity: $8.9 billion per year.4 New Jersey tobacco laws New Jersey tobacco laws Tobacco taxes New Jersey is ranked 14th in the U.S

Since we've learned about supply and demand, it's time to talk about elasticity

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