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Business, 16.11.2020 17:50 winterblanco

If the price of electricity falls by 10% per kilowatt hour, and the quantity demanded for electricity subsequently increases by 8%, the price elasticity of demand for electricity is and would be classified as an good. a.) 1.25; elastic b.) 0.8;inelastic c.) 0.8;elastic d) 1.25;inelastic

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If the price of electricity falls by 10% per kilowatt hour, and the quantity demanded for electricit...
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