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Other Fields Homework Help Economics Topic started by: jack bopp on Sep 26, 2022



Title: If household expenditures on electricity remain constant when the price of electricity increases, ...
Post by: jack bopp on Sep 26, 2022
If household expenditures on electricity remain constant when the price of electricity increases, the price elasticity for electricity is

▸ less than one (demand is inelastic).

▸ exactly zero.

▸ greater than one (demand is elastic).

▸ one (demand is unit elastic).

▸ not determinable from the information given.


Title: If household expenditures on electricity remain constant when the price of electricity increases, ...
Post by: kady_kelsey2 on Sep 26, 2022
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