If the price of a pack of cigarettes including taxes was 4, Ask an Expert

Economics

If the price of a pack of cigarettes (including taxes) was $4 before the 2009 tax hike (see the News, p. 441),

a) What was the price after the tax hike?

b) What was the price elasticity of demand?

c) What was the (average) percentage increase in price?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91226443

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