The demand for cigarettes has seen some decrease ever since vaping was introduced as a less harmful alternative to smoking cigarettes. Select the item from the list provided to make the following statements true. 9. ✓ The main factor detailed in the scenario causing the decrease in demand for 1. upward movement along the demand curve cigarettes is a/an 2. change in price of a complement good 3. increase in population 4. downward movement along the demand curve 5. change in income of consumer 6. change in price of a substitute Suppose the Australian government taxes the production of cigarettes which led to an increase in prices of cigarattes and a decrease in quantity demanded for cigarettes in the market, graphically this can be depicted as a/an of cigarettes. Now assume that prices of e-cigarettes (vape) decreased, which decreased the prices of cigarettes. This can be explained by a 7. change in expectation of future price 8. decrease in population 9. change in consumer taste (preference) 10. rightward shift of the supply curve 11. change in input costs. 12. upward movement along the supply curve
The demand for cigarettes has seen some decrease ever since vaping was introduced as a less harmful alternative to smoking cigarettes. Select the item from the list provided to make the following statements true. 9. ✓ The main factor detailed in the scenario causing the decrease in demand for 1. upward movement along the demand curve cigarettes is a/an 2. change in price of a complement good 3. increase in population 4. downward movement along the demand curve 5. change in income of consumer 6. change in price of a substitute Suppose the Australian government taxes the production of cigarettes which led to an increase in prices of cigarattes and a decrease in quantity demanded for cigarettes in the market, graphically this can be depicted as a/an of cigarettes. Now assume that prices of e-cigarettes (vape) decreased, which decreased the prices of cigarettes. This can be explained by a 7. change in expectation of future price 8. decrease in population 9. change in consumer taste (preference) 10. rightward shift of the supply curve 11. change in input costs. 12. upward movement along the supply curve
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 13SQP
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Transcribed Image Text:The demand for cigarettes has seen some decrease ever since vaping was introduced as a less harmful alternative to smoking cigarettes.
Select the item from the list provided to make the following statements true.
9. ✓ The main factor detailed in the scenario causing the decrease in demand for 1. upward movement along the demand curve
cigarettes is a/an
2. change in price of a complement good
3. increase in population
4. downward movement along the demand curve
5. change in income of consumer
6. change in price of a substitute
Suppose the Australian government taxes the production of cigarettes which
led to an increase in prices of cigarattes and a decrease in quantity
demanded for cigarettes in the market, graphically this can be depicted as
a/an
of cigarettes.
Now assume that prices of e-cigarettes (vape) decreased, which decreased
the prices of cigarettes. This can be explained by a
7. change in expectation of future price
8. decrease in population
9. change in consumer taste (preference)
10. rightward shift of the supply curve
11. change in input costs.
12. upward movement along the supply curve
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