'In 2017 in Australia, 309 million packs of 25 cigarettes per pack were sold by Australian retailers, at an average price of $31 per pack. Illustrate the Australian legal cigarette market using a demand and supply diagram. Place the above numbers on your diagram.'

Can I please have the above explained and how I plot this on a diagram correctly?

Answer rating: 100% (QA)

To illustrate the Australian legal cigarette market using a demand and supply diagram we need to understand the concept of demand and supply in econom... View the full answer