Refer to Table 6-4. Which of the following statements is correct?
A) The publisher's analysis is correct only if the demand is elastic.
B) The publisher's analysis is correct only if the demand is perfectly inelastic.
C) The publisher's analysis is correct only if the demand is unit elastic.
D) The publisher's analysis is correct only if the demand is perfectly elastic.
Question 2
A tariff is a tax imposed by a government on its own exports.
Indicate whether the statement is true or false