Estimated values of price and expenditure elasticities†
| Equation | Budget share | Elasticities | |
|---|---|---|---|
| Expenditure | Price | ||
| Note: t ratios are shown in parentheses. | |||
| *Significant at 5% levels. | |||
| †Marshallian own price elasticities. | |||
| Domestic cigarettes | 0.817 | 0.689 (29.579)* | −0.644 (−17.083)* |
| Imported cigarettes | 0.181 | 2.401 (22.487)* | −0.822 (−6.774)* |
| Cigars | 0.002 | 1.116 (1.583) | −0.047 (−0.120) |