The United States Tobacco Settlement between the major tobacco companies and 46 states caused the price of cigarettes to jump 21% (45¢ per pack). Levy and Meara (2006) found only a 2.65% drop in prenatal smoking 15 months later. What is the elasticity of demand for this group?

Match each theory with its description. 1. oscillating universe theory 2 the universe came from a very dense, very hot "fireball" that exploded and expanded into existence. 2. inflation theory 3 the universe is a never-ending cycle of big bangs and big crunches. 3. big bang theory 4 the universe has always been and continues to be the same. 4. steady state theory 1 a very, very fast expansion and acceleration of the universe happened milliseconds after the big bang.