Let the short-run price elasticity of demand for electricity be -0.30. If a supply interruption causes...
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Let the short-run price elasticity of demand for electricity be -0.30. If a supply interruption causes the quantity of electricity provided to decrease 20%, what would be the short-run effect on prices.
Prices would decrease 20%
Prices would decrease 66%
Prices would increase 20%
Prices would increase 66%
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Let the short-run price elasticity of demand for electricity be
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