In the application,when the government lowered the price of cigarettes by lowering the tax rates,the response of the consumer was:

Name: In the application,when the government lowered the price of cigarettes by lowering the tax rates,the response of the consumer was:
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Question

Quizplus · Accepted Answer

When the price of cigarettes is lowered, the demand for cigarettes does not change, but the quantity demanded increases. Therefore, the best choice is A, an increase in quantity demanded.

In the Application,when the Government Lowered the Price of Cigarettes