The Cross Elasticity of Demand Between Natural Gas and Electricity

question 60

True/False

The cross elasticity of demand between natural gas and electricity is 1.1.Therefore,electricity and natural gas must be substitutes.

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Definitions:

Unresponsive

The state of not reacting or showing any response to stimuli or attempts at communication, often used in medical contexts.

Neuroadaptation

The process by which the brain undergoes changes to become more accustomed to new stimuli, often discussed in the context of drug tolerance and addiction.

Withdrawal

The discomfort and distress that follow discontinuing the use of an addictive drug.

Drug Addiction

A persistent, recurrent condition marked by an uncontrollable desire to seek drugs, ongoing consumption despite adverse effects, and enduring alterations to the brain's structure.