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Which of the following is likely to have the highest (in absolute value) demand elasticity? Question 4 options: Cigarettes A necessary medication without close substitutes

Which of the following is likely to have the highest (in absolute value) demand elasticity?

Question 4 options:

Cigarettes

A necessary medication without close substitutes

Camel brand cigarettes

The group of branded, "premium" cigarettes as a whole (i.e. Camel, Marlboro, etc all. combined into one market)

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