Letrsquos consider two smokers a and b who following a 10


Let’s consider two smokers A and B who, following a 10% increase in the price of cigarettes, cut their smoking by 2% and 20% respectively. a) What is the price elasticity of demand for each consumer? Show all the steps of your calculation to get full credit.

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Business Economics: Letrsquos consider two smokers a and b who following a 10
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