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A government wants to reduce electricity consumption by​ 5%. the price elasticity of demand for electricity is minus−0.5. the government must​ ________ the price of electricity …

A government wants to reduce electricity consumption by​ 5%. the price elasticity of demand for electricity is minus−0.5. the government must​ ________ the price of electricity …
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A government wants to reduce electricity consumption by​ 5%. the price elasticity of demand for electricity is minus−0.5. the government must​ ________ the price of electricity by​ ________.

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User Jim Hewitt
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2 Answers

4 votes
(raise) (10.0%) those would be both your answers! :D

answered
User Jjoselon
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8.1k points
4 votes

Answer/Explanation:

The government mystery RAISE the price of electricity by 10%.

answered
User GRVPrasad
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8.5k points
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