Extensive medical research has concluded that using tobacco is harmful to your health. As a result, fewer Americans use tobacco today than they did 40 years ago. Economists would say that this change in _____ decreased the demand for tobacco, all else equal.
A) tastes
B) incomes
C) the price of a complementary product
D) the price of a substitute product

Question

Quizplus · Accepted Answer

The change in tastes, influenced by medical research showing the harmful effects of tobacco, has led to a decrease in demand for tobacco. This is because people's preferences shifted away from tobacco use, affecting their purchasing behavior.

Extensive Medical Research Has Concluded That Using Tobacco Is Harmful