The Figure Given Below Shows the Demand Curves for Five

question 93

Multiple Choice

The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1

-If a 15 percent reduction in the price of electricity per kilowatt hour has no impact on the total electricity consumption, we can infer that in the short run, the demand for electricity is _____.

• A)perfectly inelastic
• B)perfectly elastic
• C)unit-elastic
• D)relatively inelastic
• E)relatively elastic

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