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Author Question: A government wants to reduce electricity consumption by 10%. The price elasticity of demand for ... (Read 39 times)

fox

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on: Apr 19, 2019

A government wants to reduce electricity consumption by 10%. The price elasticity of demand for electricity is -5. The government must ________ the price of electricity by ________.


◦ raise; 2.0%
◦ raise; 0.5%
◦ raise; 1.25%
◦ lower; 0.5%
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by fox on Apr 19, 2019

ricroger

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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fox

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Reply 2 on: Apr 19, 2019
Excellent

ebonylittles

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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