Question 1-True False and Explain (otherwise zero) (40 minutes) 1. The more inelastic the demand, the greater the output decrease of a per unit tax on producers. Price Qty True or false 2. If in the future, there are newly discovered health problems associated with Cannabis, the demand will decrease, and some sellers will leave the market. As a result, the price effect on Cannabis is indeterminate but total sales will decrease. Price *Qty True or false 3. Because of a trade disagreement between Canada and Pottsville, Pottsville will no longer be able to purchase ginseng from Canada. As a result, the price of ginseng will increase in Pottsville but decrease in Canada. Price Price, Pottsville Qty Canada. Qty True or false 4. With price controls the lower the maximum legal price, the higher the possible black-market price. Price X True or false