Youth smoking seems to be more _______ than adult smoking-that is, the quantity of youth smoking will fall by a greater percentage than the quantity of adult smoking in response to a given percentage increase in price.

Question

Quizplus · Accepted Answer

Youth smoking is considered more elastic than adult smoking because young people are generally more sensitive to price changes. When the price of cigarettes increases, the quantity of youth smoking decreases by a larger percentage compared to adults, indicating a higher elasticity of demand among youth.

Youth Smoking Seems to Be More _______ Than Adult Smoking-That