Question: A study found that, among addicted smokers, a 10 percent increase in the price of cigarettes resulted in a 2 percent decrease in quantity demanded.

A study found that, among addicted smokers, a 10 percent increase in the price of cigarettes resulted in a 2 percent decrease in quantity demanded. For these consumers, cigarettes have a/an _______ price elasticity demand. Question 8 options: A) elastic B) substitution effect C) cross-price D) inelastic

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