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sgy_89 sgy_89
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6 years ago
If an excise tax of $1.00 a pack were imposed on cigarettes, the price of cigarettes would tend to rise by $1.00 if
A) the demand for cigarettes were perfectly elastic.
B) the demand for cigarettes were perfectly inelastic.
C) the demand for cigarettes were elastic, but not perfectly elastic.
D) the demand for cigarettes were inelastic, but not perfectly inelastic.
E) the demand for cigarettes were of unitary elasticity.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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VilaVila
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sgy_89 Author
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6 years ago
You make an excellent tutor!
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Helped a lot
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