Assignment Help - homework help

For teens a 10 percent increase in the price of cigarettes


For teens, a 10 percent increase in the price of cigarettes leads to a:

a) 6 percent drop in teenage smoking

b) 12 percent drop in teenage smoking

c) 18 percent drop in teenage smoking

d) 24 percent drop in teenage smoking

The answer is b) but how they get that answer?

Solution Preview :

Prepared by a verified Expert
Business Management: For teens a 10 percent increase in the price of cigarettes
Reference No:- TGS02148410

Now Priced at $10 (50% Discount)

Recommended (98%)

Rated (4.3/5)