A Set of XBRL Tags Identifies the Data It Contains

question 2

True/False

A set of XBRL tags identifies the data it contains as well as indicates how to display that data.

---

Definitions:

Quantity Demanded

The amount of a good or service that consumers are willing and able to purchase at a specific price.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing to buy at different prices.

Profit-maximizing

A strategy or approach aimed at achieving the highest possible profit from business operations.

Nondiscriminating Monopolist

A monopolist that charges all consumers the same price for its product, regardless of the market segment or consumer willingness to pay.