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This article discusses the previously strong position of cigarattes in economy and their place today. Cigarattes are considerd to be inelastic since they are highly addictive. However over the lst couple of years their elasticity have göne form -0.3 to -0.8. The article discusses how E-cigarattes have become increasingly popular over the years. The author states "E-cigarettes, however, could undermine the cross elasticities that Big Tobacco firms enjoy between traditional cigarettes and smokeless tobacco" and discuss cross elaticities as well as price elasticities of tobacco in this article.

Government imposed carbon taxes in Australia, in order to prevent the climate change. This will have the major influence on manufacturing and other business in Australia, especially the tourism. It is estimated the carbon taxes will "add $115 million a year to the bottom line costs of hotels and motels", due to the increase in additional costs such as energy bills, food, transport, linen and other expenses. The demand for the tourism in Australia will thus greatly decrease, as the expeneses will increase as well due to the large taxes imposed on the carbon "also Australia's carbon tax places tremendous pressure on Australian manufacturers and inevitably leads to job losses and business closures"

This article talks about how the drop in gas prices (as mentioned in my blog log) has led to an increase in car sales. The cars aren't necessarily inefficient though, people are buying cars like the Nissan Leaf (Plug-in hybrid) and mini SUV's.

This article explains what has happened in the US market for cigarettes during the last couple of years! Also discusses what has happened with the invention of things such as E-cigarettes