If the Demand for Cigarettes Is Price Inelastic

question 55

Multiple Choice

If the demand for cigarettes is price inelastic

• A) people will pay any price to smoke.
• B) an increase in the price of cigarettes would have no effect on the quantity demanded of cigarettes.
• C) a fall in cigarette prices would reduce people's expenditures for cigarettes.
• D) a decrease in the price of cigarettes would decrease the demand for cigarettes.
• E) as the price is reduced, the percentage increase in quantity demanded must be greater than the percentage decrease in price.

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