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Home Q & A Board Other Fields Homework Help Business Economics
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chomtong chomtong
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6 years ago
A government wants to reduce electricity consumption by 5%. The price elasticity of demand for electricity is -0.5. The government must ________ the price of electricity by ________.
A) lower; 0.5%
B) raise; 0.1%
C) raise; 10.0%
D) raise; 1.0%
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Akshtsaklani21Akshtsaklani21
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6 years ago
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