Luis Picks Up a Pack of Cigarettes and Reads,"Cigarette Smoking

question 170

Multiple Choice

Luis picks up a pack of cigarettes and reads,"Cigarette smoking is harmful to your health." Which one of the following statements would lead us to believe Luis is actually having cognitive dissonance?

• A)"I've been smoking my whole life and I don't have health problems."
• B)"No one I know who smokes is sick."
• C)"I know these cigarettes are killing me but I just can't stop."
• D)"That is not true.Cigarettes are not that harmful."

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Definitions:

Deadweight Loss

The loss of economic efficiency when the equilibrium outcome is not achievable or not achieved.

Excise Tax

A tax directly levied on certain goods, such as alcohol and tobacco, by a government entity.

Transactions

The process of exchanging goods, services, or financial instruments between parties.

Demand Curve

The demand curve is a graphical representation showing how the quantity demanded of a good or service varies with its price, typically sloping downward from left to right.