Cigarettes Are Highly Addictive and Therefore Have a Very Low

question 102

Multiple Choice

Cigarettes are highly addictive and therefore have a very low elasticity of demand.A $2.00 increase in the national sales tax on cigarettes would likely cause the price paid by buyers of cigarettes to

• A) increase by more than $1.00 but less than $2.00.
• B) increase by $2.00.
• C) increase by more than $2.00.
• D) increase by less than $1.00.
• E) remain unchanged.

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