Assume the price elasticity of demand for cigarettes is 025
Assume the price elasticity of demand for cigarettes is 0.25. If a pack of cigarettes currently costs $7.00, and the government wants to reduce smoking by 15%, how much of a price increase (in dollars) would be needed?
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assume the price elasticity of demand for cigarettes is 025 if a pack of cigarettes currently costs 700 and the
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