Giving Families and Work Groups Daily Feedback About Their Use

question 182

Multiple Choice

Giving families and work groups daily feedback about their use of gas or electricity has been shown to

• A) increase energy consumption in both groups.
• B) decrease energy consumption in both groups.
• C) have no change on the individual energy consumption of families.
• D) have no change on the energy consumption of work groups.

---

Definitions:

Perfectly Elastic

A situation where the quantity demanded or supplied changes infinitely in response to any change in price.

Total Revenue

The overall income generated by a business through the sale of goods or the delivery of services within a certain period.

Elasticity of Demand

Elasticity of Demand measures how much the quantity demanded of a good responds to a change in the price of that good, indicating how sensitive consumers are to price changes.

Necessity

An essential requirement or need for something.