According to the text, the income elasticity for cigarettes has been estimated at between
- 0.23 and - 0.55. What happens to total consumer spending on cigarettes as the tax on tobacco products increases?

Question

Quizplus · Accepted Answer

The Answer of According to the text, the income elasticity for cigarettes has been estimated at between
- 0.23 and - 0.55. What happens to total consumer spending on cigarettes as the tax on tobacco products increases?

According to the Text, the Income Elasticity for Cigarettes Has