Answer to Question #14271 in Economics of Enterprise for Cater
The price of a pack of cigarettes increases by 10% and there is a 5% drop in the quantity demanded.
The price of water increases by 15% but there is no drop in the quantity demanded.
Unfortunately, the statement of your question is a bit confusing.
What do you need to be done? Please, give us the details so we could help you
Need a fast expert's response?Submit order
and get a quick answer at the best price
for any assignment or question with DETAILED EXPLANATIONS!