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2. A research article includes the line while a relatiilrely.f wide range of estimates has been produced for the price elasticity of demand for
2. A research article includes the line \" while a relatiilrely.f wide range of estimates has been produced for the price elasticity of demand for cigarettes, most of the estimates from the USA and other high income countries tend to fall in the relatively narrow range from -0.25 to -0.50." This means that if the price of cigarettes were to decrease 10%, the ouantityar of cigarettes demanded would a. Increase by 2.5% to 50% la. Increase by 0.25% to 5.0% c. Decrease by 2.5% to 5.0%
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