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Author Question: Short-run demand for electricity can be quite elastic because consumers can change when they consume ... (Read 89 times)

kshipps

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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


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dyrone

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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

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

mcabuhat

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Reply 3 on: Yesterday
Excellent

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