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Suppose that cigarettes cost $2.50 per pack, and a state imposes a $1.00 per pack excise tax.In response, average cigarette consumption decreases by 10 percent.This

Suppose that cigarettes cost $2.50 per pack, and a state imposes a $1.00 per pack excise tax.In response, average cigarette consumption decreases by 10 percent.This would indicate a price elasticity of (use the arc elasticity formula):

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