4. Which of the following statementscorrectly describes the effect of an increas

Question

4.   Which of the following statementscorrectly describes the effect of an increase in the tax oncigarettes? A.   The number of packs of cigarettespurchased will rise, but total expenditures on cigarettes willfall. B.   The number of packs of cigarettespurchased will fall, but total expenditures on cigarettes willrise. C.   The number of packs of cigarettespurchased will fall, and total expenditures on cigarettes will alsofall. D.   The number of packs of cigarettespurchased will rise, and total expenditures on cigarettes will alsorise.

Explanation / Answer

C- The number of packs of cigrettes purchased will fall,and total expenditure on cigretted will also fall

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