Figure 6-4 -If the Elasticity of Demand for Cigarettes Is 0.4, Then

question 91

Multiple Choice

Figure 6-4
-If the elasticity of demand for cigarettes is 0.4, then an increase in the price of a pack of cigarettes from $5.00 to $6.00 would reduce quantities demanded by about

• A)7 percent.
• B)40 percent.
• C)42 percent.
• D)220 percent.

---

Definitions:

Cafeteria Food

Cafeteria food refers to the meals and snacks provided in a cafeteria setting, typically found in schools, hospitals, and workplaces, characterized by a variety of pre-prepared options.

Sampling Frame

The list or database from which a statistical sample is drawn, representing the population of interest for a particular study.

West-Coast Subscribers

Individuals or entities located on the West Coast who subscribe to a particular service, publication, or product.

National Magazine

A publication that targets a nationwide audience, often covering a wide array of topics of general interest.