Business, 23.04.2020 01:20 maisieisdabomb23

Studies indicate that the price elasticity of demand for cigarettes is about 0.4. If a pack of cigarettes currently cost $2 and the government wants to reduce smoking by 20%, then by how much should it increase the price?

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Studies indicate that the price elasticity of demand for cigarettes is about 0.4. If a pack of cigar...