Question 2 5 pts The local government has decided to impose an additional $0.50 tax on each pack of cigarettes sold in the city, hoping to reduce smoking rates. Before the tax, cigarettes were priced at $5 per pack, and there were 10,000 packs sold per month. After the tax was implemented, the monthly sales decreased to 9,000 packs. 1. Calculate the price elasticity of demand for cigarettes given these changes. 2. Interpret the elasticity value you calculated in terms of responsiveness of demand to price changes. Upload a PDF of your answer to just this question below: Upload Choose a File