During the 1960s many high-profile studies purported to show a direct link between cigarette consumption and heart disease. in response to these studies the government began to implement higher cigarette taxes as well as other restrictions that increased the cost of doing business for major cigarette manufacturers. how would you expect supply, demand, and the equilibrium price and quantity to change?

This sentence is false.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan