The Constant Price Elasticity of Demand for Cigarettes Has Been

question 20

Multiple Choice

The constant price elasticity of demand for cigarettes has been estimated to be -0.5.To reduce smoking by 50%,approximately how much tax needs to be added to a $1 pack?

• A) $1.00
• B) $2.00
• C) $3.00
• D) $0.50
• E) $4.00

---

Definitions:

Assessment

The systematic process of documenting and using empirical data to measure knowledge, skills, attitudes, and beliefs.

Counseling Session

A professional meeting between a counselor and a client aimed at addressing personal, social, or psychological issues and facilitating personal growth.

Written Assessment

A method of evaluating knowledge, skills, or abilities through written responses to questions or prompts.

Informed Consent

A process by which a person consents to participate in a research study or medical treatment after understanding all its aspects, including risks and benefits.