Figure 4-8
-Refer to the Figure 4-8. The graph shows the demand for cigarettes. Which most likely happened?

Name: Figure 4-8 -Refer to the Figure 4-8. The graph shows the demand for cigarettes. Which most likely happened?
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Question

Figure 4-8 
-Refer to the Figure 4-8. The graph shows the demand for cigarettes. Which most likely happened?

Quizplus · Accepted Answer

The graph shows a decrease in demand for cigarettes, which is most likely due to a tax being placed on cigarettes. When taxes are added to the price of a good, the demand for the good typically decreases as it becomes more expensive for consumers to purchase.

Figure 4-8 -Refer to the Figure 4-8. the Graph Shows the Demand