16- If the demand for cigarettes is highly inelastic, this indicates that: Quest

Question

16- If the demand for cigarettes is highly inelastic, this indicates that: Question 31 options:
a- higher cigarette prices will increase the demand for cigarettes.
b- the price elasticity coefficient of cigarettes exceeds 1.
c- the price elasticity coefficient of cigarettes equals 1.
d- the quantity of cigarettes purchased by consumers is not very responsive to a change in the price of cigarettes. 16- If the demand for cigarettes is highly inelastic, this indicates that: 16- If the demand for cigarettes is highly inelastic, this indicates that:
a- higher cigarette prices will increase the demand for cigarettes.
b- the price elasticity coefficient of cigarettes exceeds 1.
c- the price elasticity coefficient of cigarettes equals 1.
d- the quantity of cigarettes purchased by consumers is not very responsive to a change in the price of cigarettes. a- higher cigarette prices will increase the demand for cigarettes. b- the price elasticity coefficient of cigarettes exceeds 1. c- the price elasticity coefficient of cigarettes equals 1. d- the quantity of cigarettes purchased by consumers is not very responsive to a change in the price of cigarettes.
a- higher cigarette prices will increase the demand for cigarettes.
b- the price elasticity coefficient of cigarettes exceeds 1.
c- the price elasticity coefficient of cigarettes equals 1.
d- the quantity of cigarettes purchased by consumers is not very responsive to a change in the price of cigarettes.

Explanation / Answer

the quantity of cigarettes purchased by consumers is not very responsive to a change in the price of cigarettes.

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.