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When the Government increases tax on cigarettes, cigarette manufacturers pass on much of t

When the Government increases tax on cigarettes, cigarette manufacturers pass on much of the additional tax to consumers in the form of higher prices. This implies that the demand for cigarettes is


[A]Relatively less elastic than supply
[B]Relatively more elastic than supply
[C]As elastic as the supply
[D]Perfectly inelastic

Jan 09 2018 View more View Less

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