If Household Expenditures on Electricity Remain Constant When the Price

question 23

Multiple Choice

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

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

---

Definitions:

Executive Order 9981

An order issued by President Harry S. Truman in 1948 that abolished racial discrimination in the U.S. military.

Nazi Racism

The ideology and practices associated with the Nazi regime in Germany, which promoted the superiority of the Aryan race and led to the persecution and extermination of Jews and other minorities.

Holocaust

The genocide of approximately six million Jews during World War II by Nazi Germany, led by Adolf Hitler, along with the persecution and killing of millions of others.

Jim Crow

Refers to the laws and customs enforced in the southern United States post-Reconstruction until the 1960s, aimed at segregating and discriminating against African Americans.