Related to the Economics in Practice on Page 108: Which

question 81

Multiple Choice

Related to the Economics in Practice on page 108: Which of the following, if true, would most effectively undermine the argument that raising cigarette taxes reduces the number of people who smoke cigarettes?

• A) The demand for cigarettes is relatively inelastic.
• B) The demand for cigarettes is relatively elastic.
• C) The supply for cigarettes is relatively inelastic.
• D) The supply for cigarettes is relatively elastic.

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Definitions:

Decreasing

A trend or process of becoming less in size, amount, number, or degree.

Negative

Characterized by or expressing disapproval or pessimism.

Increasing

Describes a situation or quantity that is growing or becoming larger in size, value, or intensity over a period of time.

Consumption

The act of using goods and services to satisfy human desires, which plays a central role in economic theories and the measurement of economic health.