26. Approximately 100,000 elephants were illegally killed (poached) in Africa between 2010 and 2012 for their tusks, which are made of ivory. 5 In 2015, Kenyan officials ordered 15 tons of confiscated elephant tusks to be burned as a public statement against the ivory trade. 6 How many of the following statements are true?

The price of ivory is higher than it would have been than if this ivory had been sold, which increases the incentive for poachers to continue to illegally hunt elephants.

The burning likely raised public awareness about where ivory comes from, how it is (illegally) obtained, and the effect it is having on the number of African elephants. This would lead to an increase in the price of ivory and poachers' incentives to continue to illegally hunt elephants.

A reduction in the amount of ivory for sale and an increase in consumers' aversion to buying ivory would have an ambiguous impact on the price of ivory.

a) None of the above statements is true.

b) One of the above statements is true.

c) Two of the above statements are true.

d) Three of the above statements are true.