The equilibrium quantity increases or decreases

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Using supply and demand analysis, describe the effect of each of the following events on the market for cigarettes. Your description should include which curve shifts, supply or demand, which way the curve shifts, left or right, if the equilibrium price increases or decreases and if the equilibrium quantity increases or decreases.

a. The price of cigars decreases

b. The price of e-cigarettes increases.

c. A fertilizer that increases the yield per acre of tobacco is used.

d. There is a substantial increase in the price of matches and lighter fluid.

e. The legal age to buy cigarettes is lowered to 12.

Reference no: EM131242411

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