Based on the price elasticity of demand; are Pursecases elastic, inelastic, or unit elastic? Is Kevin O’Leary correct that revenues will increase if they reduce the price of Pursecase by 50%?

Which of the following best explains the purpose of protectionist trade policies such as tariffs and subsidies? a. they make sure that governments have enough money to pay for fiscal policies. b. they give foreign competitors access to new markets around the world. c. they allow producers to sell their products more cheaply than foreign competitors. d. they enable producers to purchase productive resources from everywhere in the world.