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Business, 09.07.2019 03:30 mayhy100

Because of a legal settlement over state health care claims, in 1999 the u. s. tobacco companies had to raise the average price of a pack of cigarettes from $1.95 to $2.45. the decline in cigarette sales was estimated at 8 percent. what does this imply for the elasticity of demand for cigarettes? explain.

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