Question

Suppose you calculate that elasticity of demand for cigarettes is 0.5. You can conclude that: a. Demand for cigarettes is elastic b. Demand for cigarettes is unitary elastic c. A 1% increase in price of cigarettes will result in a 0.5% decrease in quantity demanded d. A 1% increase in the price of cigarettes will result in a 0.5% increase in quantity demanded.

Answer 1

answer is c

Step-by-step explanation:

because cigarette price is not increased they get to buy and that causes so many diseases