This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Short-run demand for electricity can be quite elastic because consumers can change when they consume ... (Read 78 times)

kshipps

  • Hero Member
  • *****
  • Posts: 571
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

dyrone

  • Sr. Member
  • ****
  • Posts: 322
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


kshipps

  • Member
  • Posts: 571
Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

hollysheppard095

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Flexible cooling fan blades change shape as the engine speed changes. Flexible cooling fan blades change shape as the engine speed changes.
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
Red Bull uses strategies that help it target college-aged, young-adult consumers Red Bull uses strategies that help it target college-aged, young-adult consumers
computer short cuts computer short cuts
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Video: Phases of the Female Reproductive Cycle - Hormonal regulation

For a complete list of videos, visit our video library