Solved

Which of the Following Is a Possible Reason for the Price

Question 25

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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions