Now explain: Is the demand curve for your product relatively elastic, inelastic or unitary elastic? Demonstrate for your company's product, by how much the quantity demanded w change if you pass on the 25% increase in cost from the tariff as a price increase for your product. In other words, show your calculation of the percentage change in the quantity demanded given a 25% change in the price. Given your company's price elasticity of supply and price elasticity of damand prepare a statement for your board as to the potential impact of profits. Who will pay the the larger share of the tariff, your firm or your customers