Multiple Choice
Which of the following is a possible reason for the price elasticity of demand for cigarettes being large for young smokers?
A) They have large discretionary incomes.
B) The price of cigarettes has increased recently.
C) They are no longer permitted to smoke in public.
D) Cigarette advertising on television has been banned.
E) The proportion of income a young smoker spends on cigarettes is usually quite large.
Correct Answer:

Verified
Correct Answer:
Verified
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