Question: Draw a figure to illustrate the Application Cigarettes Versus E - Cigarettes. That is , show why, as the price of e - cigarettes rises,

Draw a figure to illustrate the Application "Cigarettes Versus E-Cigarettes." That is, show why, as the price of e-cigarettes rises, people consume fewer e-cigarettes but more combustible cigarettes. (Hint: Draw a figure like the one given here ' cigarettes on the vertical axis. Determine the slope of the price-consumption curve.)
Draw a figure to illustrate the Application

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