BUS 640 Week 2 DQ 2 Demand Elasticity

BUS 640 Week 2 DQ 2 Demand Elasticity

What can we say about the price elasticity of demand for nicotine products (such as cigarettes, pipes, tobacco) in the group of nicotine addicted users, versus the group of “social smokers”? Can we say whose demand is likely to be more elastic? Why?

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