1. (a) Write down the generic formula for elasticity of variable Y with respect to variable X. (b) Write down the formula for the cross-price elasticity of the demand for Mercedes Benz with respect to the prize of BMW. (c) Is elasticity the same thing as slope? What it the difference(s)? (d) When is supply elastic, inelastic, and unitary elastic?

The stock of grommet corporation, a u. s. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. grommet owns 95 percent of the outstanding stock of staple inc., also a u. s. company. staple owns 100 percent of the outstanding stock of clip corporation, a canadian company. grommet and clip each own 50 percent of the outstanding stock of fastener inc., a u. s. company. grommet and staple each own 50 percent of the outstanding stock of binder corporation, a u. s. company. which of these corporations form an affiliated group eligible to file a consolidated tax return?