Higher cigarette prices do not deter smoking

Some have argued that higher cigarette prices do not deter smoking. While there are many arguments both for and against this view, some find the following
argument to be the most persuasive of all: “The laws of supply and demand indicate that higher prices are ineffective in reducing smoking. In particular,
higher cigarette prices will reduce the demand for cigarettes. This reduction in demand will push the equilibrium price back down to its original level. Since
the equilibrium price will remain unchanged, smokers will consume the same number of cigarettes.”
Do you agree or disagree with this view? Discuss and explain