(Shifting Demand) Using demand and supply curves, show theeffect of each of the following on the market for cigarettes:a. A cure for lung cancer is found.b. The price of cigars increases.c. Wages increase substantially in states that grow tobacco.d. A fertilizer that increases the yield per acre of tobaccois discovered.e. There is a sharp increase in the price of matches, lighters,and lighter fluid.f. More states pass laws restricting smoking in restaurantsand public places.

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
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(Shifting Demand) Using demand and supply curves, show the
effect of each of the following on the market for cigarettes:
a. A cure for lung cancer is found.
b. The price of cigars increases.
c. Wages increase substantially in states that grow tobacco.
d. A fertilizer that increases the yield per acre of tobacco
is discovered.
e. There is a sharp increase in the price of matches, lighters,
and lighter fluid.
f. More states pass laws restricting smoking in restaurants
and public places.
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