Question

The government wants to reduce the consumption of electricity by 10%. The price elasticity of demand for electricity is -.4. The government should ________ the price of electricity by _____.
a. lower; 4%

b. raise; 4.0%

c. lower; 25.0%

d. raise; 25.0%

Answer 1

Answer:

I think and sure that its option A lower; 4% is the right answer

Explanation:

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