a. What effect will a tax on cigarettes have on the consumption of cigarettes and on the wallets of smokers who are addicted to cigarettes?
b. What effect will a tax on cigarettes have on the decision of teenagers to smoke?
c. Describe the cross elasticity between cigarettes and the price of a Nicoderm patch, which is used to fight the craving for nicotine.

Question

a. What effect will a tax on cigarettes have on the consumption of cigarettes and on the wallets of smokers who are addicted to cigarettes?
 b. What effect will a tax on cigarettes have on the decision of teenagers to smoke?
 c. Describe the cross elasticity between cigarettes and the price of a Nicoderm patch, which is used to fight the craving for nicotine.

Quizplus · Accepted Answer

The Answer of a. What effect will a tax on cigarettes have on the consumption of cigarettes and on the wallets of smokers who are addicted to cigarettes?
 b. What effect will a tax on cigarettes have on the decision of teenagers to smoke?
 c. Describe the cross elasticity between cigarettes and the price of a Nicoderm patch, which is used to fight the craving for nicotine.

A What Effect Will a Tax on Cigarettes Have on the Consumption