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Price of cigarettes leads

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Reference no: EM131348688

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?

Reference no: EM131348688

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