About the impact of the tariff

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Reference no: EM131174584

Regarding the Tariff, we all know what does it do.

After doing a Regression analysis upon selling the product in Atollia, the results shows that increase in tariff will lead to decrease in the average demand.

Question:

The members of the Board of the product are scheduled to meet with the Trade Minister of Industria. The Board is interested in convincing the Government of Industria to establish closer economic links with Atollia.

Based on the regression results, what can we tell the Trade Minister about the impact of the tariff?

Reference no: EM131174584

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