Asked by Kimberly Beltran on May 02, 2024
Verified
An announcement that smoking will harm your ability to think clearly will MOST likely result in:
A) an increase in the quantity of cigarettes demanded.
B) a decrease in the demand for cigarettes.
C) no change in smoking habits.
D) an increase in the price of cigarettes.
Demand for Cigarettes
The quantity of cigarettes that consumers are willing and able to purchase at various prices, influenced by factors like income, price of substitute goods, and regulations.
Smoking Habits
Patterns or behaviors related to the consumption of tobacco products, including the frequency and amount of usage.
- Recognize the variables responsible for changes in demand curve positioning.
Verified Answer
LW
Logan WolverineMay 03, 2024
Final Answer :
B
Explanation :
The announcement that smoking will harm your ability to think clearly is likely to be perceived as negative news by smokers. Therefore, it is expected to decrease the demand for cigarettes, as smokers may become more aware of the potential consequences and decide to quit or reduce their consumption.
Learning Objectives
- Recognize the variables responsible for changes in demand curve positioning.