The Demand for Electricity Is More Elastic in the Long

question 66

Multiple Choice

The demand for electricity is more elastic in the long run than in the short run because

• A)more electricity can be produced in the long run.
• B)consumers can shift to more efficient electrical appliances in the long run.
• C)government regulation of electricity producers is most effective in the long run.
• D)solar energy will eventually replace electricity in the long run.

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Definitions:

Relational Databases

A type of database that stores and provides access to data points that are related to one another.

SQL

Structured Query Language, a standardized programming language used for managing and manipulating relational databases.

HTML

Hypertext Markup Language; the standard markup language used to create and design web pages.

RDBMS

Abbreviation for Relational Database Management System, it is a database system that organizes data into tables which are connected by relationships.