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Author Question: A government wants to reduce electricity consumption by 10%. The price elasticity of demand for ... (Read 55 times)

OSWALD

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A government wants to reduce electricity consumption by 10%. The price elasticity of demand for electricity is -0.1. The government must ________ the price of electricity by ________.


◦ raise; 100.0%
◦ raise; 10.0%
◦ raise; 1.0%
◦ lower; 20%


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Marked as best answer by OSWALD on Apr 19, 2019

uniquea123

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