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  • 07-03-2024
  • Business
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The price elasticity of demand for home electric power is 0.2, where the typical family uses 5000 kilowatt-hours per year and reduces this only to 4935 because of a rate increase of $0.15 to:
A) $0.25
B) $0.20
C) $0.30
D) $0.35

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