Question

A 10% increase in cigarette prices has been found to result in a _____ decrease of smokers. a. 2% b. 4% c. 10% d. 20% please select the best answer from the choices provided. a b c d

Answer 1

A 10% increase in cigarette prices has been found to result in a 4% decrease of smokers.

What is the effect of price increase in the demand for cigarettes?

An increase in cigarette price will result in a decrease in the demand for cigarettes.

Since more money needs to be spent to but the same product, less consumers can be able to afford it.

Therefore, a 10% increase in cigarette prices has been found to result in a 4% decrease of smokers.

Learn more about increase in price at: brainly.com/question/26526671

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Answer 2

Answer:

C. 10%

Step-by-step explanation:

I think this is the right answer, sorry if it's not.