Recall the Application about the decrease in taxes on cigarettes in several Canadian provinces in 1994 to answer the following question(s). According to this Application, after the government deceased cigarette taxes in several Canadian provinces in 1994, the price of cigarettes in these provinces decreased by roughly ________ percent.

A. 8
B. 17
C. 50
D. 88

Answer: C

Economics

You might also like to view...

The majority of Americans, when asked how many states they could name, think they could name all fifty. However, when they are asked to do so, very few are able to come up with all fifty. This is an example of which systematic mistake that people make?

Economics

The money supply M2 includes M1

A. Plus balances in savings accounts, money market mutual funds, and currency in private bank vaults and in the Federal Reserve vaults. B. Plus balances in savings accounts and money market mutual funds. C. Minus balances in savings accounts and money market mutual funds. D. Minus balances in savings accounts, money market mutual funds, and short-term certificates of deposit (six months or less).

Economics