a research article include the "overall price elasticity of teen smoking

A research article includes the line "While a relatively 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 10 -0.50." This means that if the price of cigarettes were to decrease 10%%, the quantity of cigarettes demanded would Select one a. increase by 2.5%% to 5.0%%. " b. increase by 0.25% 10 0.5056. O c. docronso by 2 59% to 5.0%. The same monarch article includes the line " The overall price elasticity of teen smoking was -1.44, This was more Pan three times the estimated elasticity of -0.42 obtained from the study of adults." This implies that Select ones 0 a. teenage cigarette demand is inelasto, while adult cigarette demand is plastic. " b. teenagers wil purchase much fewer cigarettes if prices rise than adults, who will only reduce their purchases a minor amount. e teenagers are willing to pay more than three Times as much for cigarettes as adults. The point elasticity for the demand function ( = 100 - 3.5P at the (510, 65) point is Select one -22.75 0 6. 100 - 35(10) =65 e. $10 x 19 - 1,538 Od-35 x 20 -0538 Clear mychoice You overhear an economist saying that the demand for magnesium groovehelmets is inelastic. This mania that a given price change will induce a large quantity demand mapone. Select one. True False All its current price. demand for magnesium groovehelmets is helastic. I its price were to decrease, total revenue would be expected to rise. Select or OFale