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Suppose that the Health Canada issues a warning stating that the use of e-cigarettes will lead to serious chronic lung disease in 99% of consumers.
Suppose that the Health Canada issues a warning stating that the use of e-cigarettes will lead to serious chronic lung disease in 99% of consumers. Explain in words and show on a graph how this event will affect the demand andfor supply in three markets: the markets for e-cigarettes, the market for e-liquid (a complementary good), and the market for chewing gum (a substitute good]
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