(Answered) For teens a 10 percent increase in the price of cigarettes

Management Studies

For teens, a 10 percent increase in the price of cigarettes leads to a:

a) 6 percent drop in teenage smoking

b) 12 percent drop in teenage smoking

c) 18 percent drop in teenage smoking

d) 24 percent drop in teenage smoking

The answer is b) but how they get that answer?

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