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Using demand and supply curves, show the effect of each of the following on the market for cigarettes.

a. A cure for lung cancer is found.
b. The price of cigars increases.
c. Wages increase substantially in states that grow tobacco.
d. A fertilizer that increases the yield per acre of tobacco is discovered.
e. There is a sharp increase in the price of matches, lighters, and lighter fluid.
f. More states pass laws restricting smoking in restaurants and public places.

Respuesta :

Martebi

There are different aspects of demand curves. The answers is below;

  • A cure for lung cancer is found: The demand curve, in this scenario, will shift to the right along as the cure for lung cancer is found which will also increase or move right.

  • The price of cigars will also increases and the demand increases while the curve moves to the right

  • Wages will also increase in states that grow tobacco, while the supply will decreases and the curve will moves left.

  • A fertilizer that increases the yield per acre of tobacco is discovered, this will make supply increases and the curve moves to the right.

  • There is a sharp increase in price of matches, lighters, and lighter fluid, This will make the demand decreases and the curve to go left.

  • More states pass laws restricting smoking in restaurants and public places, this will make demand decreases and the curve to go left.

Demand curve

The demand curve is known as a curve that helps to give all the possible combinations of the price and quantity demanded of a product or service at a given time and in a graphically manner.

Learn more about curve from

https://brainly.com/question/1486483

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