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The Demand for Electricity Is More Elastic in the Long

Question 66

Multiple Choice

The demand for electricity is more elastic in the long run than in the short run because


A) more electricity can be produced in the long run.
B) consumers can shift to more efficient electrical appliances in the long run.
C) government regulation of electricity producers is most effective in the long run.
D) solar energy will eventually replace electricity in the long run.

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