Which of the following is the correct answer to the question: Why do smokers pay almost all the taxes assessed on cigarettes?
I. Because cigarettes are addictive, the demand for them is relatively elastic when compared to the supply curve of cigarettes.
II. Because cigarettes are addictive, the demand for them is relatively inelastic when compared to the supply of cigarettes.
III. Cigarette manufacturers can very easily escape a state tax by selling in a different state.
A) I only
B) II only
C) I and III only
D) II and III only

Question

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The Answer of Which of the following is the correct answer to the question: Why do smokers pay almost all the taxes assessed on cigarettes?
I. Because cigarettes are addictive, the demand for them is relatively elastic when compared to the supply curve of cigarettes.
II. Because cigarettes are addictive, the demand for them is relatively inelastic when compared to the supply of cigarettes.
III. Cigarette manufacturers can very easily escape a state tax by selling in a different state.
A) I only
B) II only
C) I and III only
D) II and III only

Which of the Following Is the Correct Answer to the Question