If the demand for umbrellas is price inelastic,

a. changes in price do not affect the number of umbrellas demanded.
b. if more umbrellas are sold as the result of a price decrease, total expenditures by consumers on umbrellas will decrease.
c. the percentage change in price is less than the percentage change in quantity demanded.
d. the percentage change in quantity demanded is greater than the percentage change in price.
e. none of the above

Select the correct answer the smith family adopted a child. the adoption procedure took about three months, and the family incurred various expenses. will the smiths receive and financial benefit for the taxable year? a) they will not receive any financial benefit for adopting the child b) their income tax component will decrease c) they will receive childcare grants d) they will receive a tax credit for the cost borne for adopting the child e) they will receive several tax deductions

The sec has historically raised questions regarding the independence of firms that derive a significant portion of their total revenues from one audit client or group of clients because the sec staff believes this situation causes cpa firms to

The last time he flew jet value air, juan's plane developed a fuel leak and had to make an 4) emergency landing. the time before that, his plane was grounded because of an electrical problem. juan is sure his current trip will be fraught with problems and he will once again be delayed. this is an example of the bias a) confirmation b) availability c) selective perception d) randomness