The Own-Price Elasticity of the Demand for Water Among Urban

question 20

Multiple Choice

The own-price elasticity of the demand for water among urban residential users is -0.20 in summer and -0.06 in winter. Compare the elasticities by season.

• A) The demand is inelastic in both seasons.
• B) The demand is more elastic in the summer.
• C) The demand is less elastic in the winter.
• D) All of the above.

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