When a one percent change in price causes a change in quantity demanded greater than one percent, demand for the product is a. relatively elastic. b. relatively inelastic. c. unitary elastic. d. perfectly elastic.

Coop inc. owns 40% of chicken inc., both coop and chicken are corporations. chicken pays coop a dividend of $10,000 in the current year. chicken also reports financial accounting earnings of $20,000 for that year. assume coop follows the general rule of accounting for investment in chicken. what is the amount and nature of the book-tax difference to coop associated with the dividend distribution (ignoring the dividends received deduction)?