Table 3.
Conditional price elasticity of tobacco demand, Nigeria
Statistic | Full | Rural | Urban |
---|---|---|---|
-0.6247*** | -0.6331*** | -0.4895*** | |
ÊP | [0.0028] | [0.0035] | [0.0247] |
(-0.6301, -0.6192) | (-0.6401, -0.6262) | (-0.5387, -0.4403) | |
Number of households | 505 | 418 | 87 |
The table gives price elasticity of tobacco demand (the effect of change in unit value/price on the quantity of tobacco demanded) with corresponding standard error in square brackets and 95% confidence interval in parenthesis. These statistics are generated from bootstrap samples. Statistical significance:
1% level.