Panel A depicts the mean (±1 standard error of the mean;
SEM) number of drinks (hypothetical) that student smokers
(n = 67) and nonsmokers (n =
140) would purchase as a function of price plotted in conventional double
logarithmic coordinates for proportionality. Panel B depicts the mean
(±1 SEM) expenditure on drinks (hypothetical) at each
price by smokers and nonsmokers plotted in conventional double logarithmic
coordinates for proportionality. The individual demand metrics also are
provided: demand intensity (i.e., the peak consumption at the lowest price),
elasticity (i.e., the rate of consumption reduction as a function of price),
Pmax (i.e., the maximum inelastic price), Omax (i.e.,
the greatest expenditure on alcohol), and the breakpoint (i.e., the first price
that completely suppresses consumption).