Draw a supply-demand equilibrium for each of the cigarette

Reference no: EM131072964

A new trend in U.S. high schools is the widespread use of chewing tobacco. A recent survey indicates that 15 percent of males in upper grades now use it - a figure not far below the use rate for cigarettes. Apparently this development came about in response to the widespread implementation by schools of regulations that forbade cigarette smoking on and around school property. Draw a supply-demand equilibrium for each of the cigarette and chewing tobacco markets before and after the introduction of the regulations.

Reference no: EM131072964

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