Author Question: Short-run demand for electricity can be quite elastic because consumers can change when they consume ... (Read 86 times)

kshipps · **on:** Jul 1, 2018

Short-run demand for electricity can be quite elastic because consumers can change when they consume electricity.

Indicate whether the statement is true or false

Question 2

Anthropologist E. T. Hall in his book The Silent Language said that:

a. What people do is more important than what they say
b. Silence is meaningful
c. Conflict is everything
d. Beware of underlying messages

dyrone · **Reply #1 on:** Jul 1, 2018

Answer to Question 1

F Even with time-of-use pricing, consumers often don't even know the price of electricity and their lack of responsiveness to price changes keeps their demand inelastic.

Answer to Question 2

A