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Case Study: ! ( Points) Please read the case Two Ways to Reduce the Quantity of Smoking Demanded from Chapter Supply, Demand, and Market Equilibrium

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Case Study: ! ( Points) Please read the case "Two Ways to Reduce the Quantity of Smoking Demanded" from Chapter "Supply, Demand, and Market Equilibrium" Page: - V) given in your textbook - "Principles of Macroeconomics". The case study presented in the chapter discussed cigarette taxes as a way to reduce smoking. Now think about the markets for other tobacco product such as cigars and chewing tobacco. and Answer the following Questions: Questions: 1, 1. Are these goods substitutes or compliments for cigarettes? () . . - 10 . words - 1, Yo point) 1 , Y Using a supply and demand diagram, show what happens in the markets for cigars and chewing tobacco if the tax on cigarettes is increased. () . . - 1 . words - ), Yo point) 1 , r . If policy makers wanted to reduce total tobacco consumption, what policies could they combine with the cigarette tax? () . . - ) . words - ), Yo point) 1 , 2 . How can we reduce the consumption of cigarettes in economics? () . . - ) . words - 1 , Yo point)

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