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Retnec Retnec
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6 years ago
Suppose that an excise tax of $1 a pack is imposed on cigarette producers. Which of the following would be true?
A) The price of a pack of cigarettes will generally rise by $1.
B) The more inelastic the demand for cigarettes, the more the price of a pack will rise.
C) The more elastic the demand for cigarettes, the more the price of a pack will rise.
D) The price a pack of cigarettes will rise by more than a dollar if demand in inelastic, but less than a dollar if demand is elastic.
E) The price of a pack of cigarettes will rise by more than a dollar if demand is elastic, but less than a dollar if demand is inelastic.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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VilaVila
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Retnec Author
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6 years ago
this is exactly what I needed
Mcb
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Yesterday
Brilliant ツ
brina10
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2 hours ago
Thanks
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