A. 5% B. 15% C. 10% D. 20% Question 2: Which of the following s

A. 5% B. 15% C. 10% D. 20%
Question 2:
Which of the following statements correctly describes the effect of an increase in the tax on cigarettes? A. The number of packs of cigarettes purchased will fall and total expenditures on cigarettes will also fall. B. The number of packs of cigarettes purchased will rise but total expenditures on cigarettes will fall. C. The number of packs of cigarettes purchased will fall but total expenditures on cigarettes will rise. D. The number of packs of cigarettes purchased will rise and total expenditures on cigarettes will also rise.