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insherro insherro
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7 years ago
If electricity demand is inelastic, and electric rates increase, which of the following is likely to occur?
A) Quantity demanded will fall by a relatively large amount.
B) Quantity demanded will fall by a relatively small amount.
C) Quantity demanded will rise in the short run, but fall in the long run.
D) Quantity demanded will fall in the short run, but rise in the long run.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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University of Ottawa - Economics for Managers
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andyborziandyborzi
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7 years ago
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insherro Author
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7 years ago
Correct Slight Smile TY
kaytee23
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Thank you, thank you, thank you!
carston
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Helped a lot
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