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One NEWS WIRE Article States That an Increase in Cigarette

Question 27

Multiple Choice

One NEWS WIRE article states that an increase in cigarette prices of 10 percent reduced cigarette sales by about 4 percent.What is the effect of higher prices in the market for cigarettes?


A) A leftward shift of the demand curve.
B) A rightward shift of the demand curve.
C) A movement up the demand curve.
D) A movement down the demand curve.

Correct Answer:

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