It Is Estimated That as Many as 42,000 Additional Lives

question 18

Multiple Choice

It is estimated that as many as 42,000 additional lives in the United States would be saved each year if ___ percent of smokers were advised by a health professional to quit and were offered medication or assistance to do so,but presently only ___ percent of smokers receive such services.

• A)90;51
• B)90;28
• C)75;51
• D)75;28

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Definitions:

Elasticity

A measure of how much the quantity demanded or supplied of a good or service changes in response to a change in price.

Tax

A mandatory financial charge imposed by a governmental organization on individuals or entities to fund public expenditures.

Slightly Inelastic

A situation where a change in price leads to a relatively smaller change in the quantity demanded or supplied.

Demand for Product

The total amount of a product or service that consumers are willing and able to purchase at various price levels, at a given time.