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The company, the first to open a laboratory to study tobaccos commercial uses, relocated its research department from New York City to South Richmond in 1929, and ten years later opened a new state-of-the-art research facility where advances took place in tobacco cultivation and processing, as well as research into the health ramifications of tobacco

Theres a deprogramming that you have to go through, which is astronomical Its a religion of convenience

Accurate elasticity estimates reduce the risk of overstocking or underestimating demand changes due to pricing

A correct grasp of elasticity allows businesses to align price changes with customer behavior, optimize revenue, and avoid costly mistakes