If a 15 Percent Reduction in the Price of Electricity

question 110

Multiple Choice

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)unitary elastic
• D)relatively inelastic
• E)relatively elastic

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Definitions:

Hemiazygos

A vein on the left side of the vertebral column that drains blood from the posterior walls of the thorax and abdomen into the azygos vein.

Posterior Thoracic

Pertaining to the back part of the chest area, which houses important components such as the lungs and heart.

Circulatory System

The body's system of blood vessels and organs that transports blood to and from the heart and transports nutrients, oxygen, carbon dioxide, and hormones throughout the body.

Excretes Waste

The process by which living organisms remove or expel waste materials from their bodies.