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Is Demand for Electricity More Price Elastic When Measured Over

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Is demand for electricity more price elastic when measured over a short period of time or a long period of time? Explain.


Definitions:

Prognosis

A medical term for predicting the likely outcome of an illness or disease.

Thermometer

An instrument used to measure temperature.

Triage

The method of establishing the treatment priority for patients according to how severe their condition is.

Malignant

Refers to cells or tumors that are cancerous and have the potential to spread to other parts of the body.

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