1. 5.6 The World Health Organization has found that youth are more responsive than adults to tobacco tax increases (http://www.who.int/tobacco/economics/

meetings/dublin_demand_for_tob_feb2012.pdf). If a 5% increase in the price of cigarettes causes cigarette consumption by youth to fall by 3.2%, what is their elasticity of demand for cigarettes? Is the demand for cigarettes by youth elastic or inelastic? M