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This works out as: (3/-$13)($15.50/3.5) or -.23*4.43 = -1.02 As is the convention, we ignore the negative sign and simply conclude that the arc elasticity of demand coefficient over this range is 1.02, which is slightly elastic

In this July 17, 2012 photo, Marlboro cigarettes are displayed in Montpelier, Vt

Racial differences in smoking initiation, cessation, and intensity give rise to substantial differences in risk for tobacco-related diseases, said Holford, who is also a member of Yale Cancer Centers Cancer Prevention and Control Program