scroll to top
Stuck on your essay?
Get ideas from this essay and see how your work stacks up
Word Count: 425
Elasticity of Demand Elasticity of Cigarettes in Alexandria The article discusses the impact of the increase of cigarette prices in Alexandria It discusses how people react to the increase and see how much more of an increase in price consumers is willing to accept before the stop buying the cigarettes Elasticity is a measure of how sensitive one variable is to another In particular it measures how sensitive the quantity of a good that people demand is to the price of the good So if price where to increase would these encourage consumers to buy less If so then the product would have a certain measurement of elasticity Alexandria officials hope most smokers will respond o the increase like Miss Salgado did - complain but not leave the city limits to save 20 cents This shows that now there has been an increase on price of cigarettes demand is expected to be the same showing that it is quite elastic But some consumers state that there is a limit to how much they will play for a pack of cigarettes But with a pack costing about 4 she said yesterday her smoking days could soon be over if prices hit 5 This clearly shows that cigarettes in Alexandria are not close to be perfectly elastic In some cases income elasticity of demand can be related Miss Salgado briefly states that the average income in the city of Alexandria s quite low so prices can not be too high as they cannot offered rather than just choosing not to buy as they are just an over priced product In some cases if prices were to be too high consumers would turn to a substitute In the case of increase in price of cigarettes there are not many alternatives except for nicotine gum
@Kibin is a lifesaver for my essay right now!!
- Sandra Slivka, student @ UC Berkeley
Wow, this is the best essay help I've ever received!
- Camvu Pham, student @ U of M
If I'd known about @Kibin in college, I would have gotten much more sleep
- Jen Soust, alumni @ UCLA