During the mid to late 1990s, all states filed civil law suits against tobacco manufacturers seeking to recover the increased costs of operating Medicaid programs that can be attributed to smoking. In December of 1998, cigarette manufacturers and the states agreed to an out-of-court settlement that ended these suits. As a result of an agreement, cigarette manufacturers increased cigarette prices by $0.55 per pack. Before the agreement, the average retail price of cigarettes was $1.90 and 21 billion packs of cigarettes were sold per year. If the elasticity of demand for cigarettes is -0.40, how much will smoking fall as a result of the settlement