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Mairoon Mairoon
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Posts: 850
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6 years ago
As more people quit smoking in the United States, what is expected to happen to the price elasticity of demand for cigarettes?
A) It will decrease as those who are most price insensitive stay in the market.
B) It will increase as those who are least price insensitive exit the market.
C) It might increase or decrease.
D) It will not change.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
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6 years ago
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