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24.A 1985 Harvard study showed that the price of cigarettes does not affect how much an individual smokes but whether he smokes. If this is
24.A 1985 Harvard study showed that the price of cigarettes does not affect how much an individual smokes but whether he smokes. If this is correct, which graph in Figure 4-3 shows the typical individual's demand curve for cigarettes? a. 1 b. 2 c. 3 d. 4 25. Which of the following would be most likely to cause an outward shift of the demand curve for electricity? a. a decrease in the price of electricity b. an increase in the price of air conditioners c. an increase in the price of heating oil d. a decrease in the price of natural gas
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