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Home Q & A Board Other Fields Homework Help Business Economics
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joanne1718 joanne1718
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3 years ago
The government wants to reduce the consumption of electricity by 5%. The price elasticity of demand for electricity is -.4. The government should

▸ raise the price of electricity by 12.5%.

▸ raise the price of electricity by 2%.

▸ raise the price of electricity by .08%.

▸ lower the price of electricity by .4%.
Textbook 
Essential Economics for Business

Essential Economics for Business


Edition: 5th
Authors:
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yesimshayyesimshay
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3 years ago
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joanne1718 Author
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3 years ago
This calls for a celebration Person Raising Both Hands in Celebration
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Brilliant ツ
zsc999
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2 hours ago
You make an excellent tutor!
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