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Business, 13.03.2020 19:25 josuealejandro9632

Suppose the state of Colorado imposes a one dollar per pack tax on cigarettes, which increases their price by 30 percent, and as a result, the quantity sold declines by 20 percent. The absolute value of the price elasticity of demand for cigarettes is equal to:

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Suppose the state of Colorado imposes a one dollar per pack tax on cigarettes, which increases their...
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