According to the Case in Point on Teen Smoking, the cross price elasticity of smokeless tobacco with respect to the price of cigarettes is about ________ for young males, which means that a tax placed on cigarettes would likely ________ teen smoking and ________ the use of smokeless tobacco by young males.
A) 0.7; increase; reduce
B) 0.7; reduce; increase
C) 1.2; reduce; reduce
D) 1.2; reduce; increase
Correct Answer:
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