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If Household Expenditures on Electricity Remain Constant When the Price

Question 112

Multiple Choice

If household expenditures on electricity remain constant when the price of electricity increases, the price elasticity for electricity is


A) one (demand is unit elastic) .
B) exactly zero.
C) not determinable from the information given.
D) less than one (demand is inelastic) .
E) greater than one (demand is elastic) .

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