If the absolute price elasticity of demand for a product is greater than 1, then a. the absolute price elasticity of demand is elastic and consumers are relatively sensitive to price changes.
b. the absolute price elasticity of demand is elastic and consumers are relatively insensitive to price changes.
c. the absolute price elasticity of demand is inelastic and consumers are relatively sensitive to price changes.
d. the absolute price elasticity of demand is inelastic and consumers are relatively insensitive to price changes.

Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.

Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate

On april 1, the cash account balance was $46,220. during april, cash receipts totaled $248,600 and the april 30 balance was $56,770. determine the cash payments made during april.