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According to the Case in Point on Teen Smoking, the Cross

Question 207

Multiple Choice

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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