Multiple Choice
Hailey says that she would smoke one pack of cigarettes each day regardless of the price. If she is telling the truth, Hailey's
A) demand for cigarettes is perfectly inelastic.
B) price elasticity of demand for cigarettes is infinite.
C) income elasticity of demand for cigarettes is 0.
D) demand for cigarettes is unit elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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