asked 191k views
1 vote
Consider the demand for cigarettes. Suppose the government increases the price of cigarettes by raising cigarette taxes. How will this affect the demand for cigarettes over​ time? If the price of cigarettes increases​, then the quantity of cigarettes demanded will

1 Answer

1 vote

Answer:

If the price of cigarettes increases​, then the number of cigarettes demanded will decrease over time

Step-by-step explanation:

The price elasticity is the price sensitivity of demand and for tobacco products, price elasticity is usually negative it means when price increases, tobacco consumption decreases.

answered
User Joshmoto
by
8.9k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.