If the Demand for Electricity Is Inelastic, Then If the Local

question 50

Multiple Choice

If the demand for electricity is inelastic, then if the local utility wants to increase its total revenue, it should _______ its price.

• A)lower
• B)raise
• C)not change
• D)frequently change

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Definitions:

Self-actualization

The realization or fulfillment of one’s talents and potentialities, considered as a drive or need present in everyone.

Impulses

Sudden desires or urges that can lead an individual to act without forethought, often based on immediate emotional responses.

Freud

Freud, an Austrian neurologist, introduced psychoanalysis, which involves therapeutic conversations between a psychoanalyst and a patient to treat mental illnesses.

Sexual

Pertaining to or involving the sex organs, sexual acts, or sexual desire.