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If the elasticity of demand for cigarettes is 0.4,a seller should
Surveys
Research methods involving the collection of data from a predefined group of respondents to gain information and insights on various topics.
Interviews
A formal meeting in which one or more persons question, consult, or evaluate another person.
Observation
The act of closely monitoring or noting phenomena or behaviours through systematic scrutiny.
Collection
The act of gathering items or data together from various sources, often for a specific purpose or analysis.
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