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jack bopp jack bopp
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A year ago
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.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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kady_kelsey2kady_kelsey2
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A year ago
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