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e increases by 10 percent, by how much does the quantity of household (a) natural gas and (b) electricity change in the short run and in the long run?...

if the price increases by 10 percent, by how much does the quantity of household (a) natural gas and (b) electricity change in the short run and in the long run?
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Elasticity of Demand.docx

Elasticity of Demand equals = percentage change in quantity demanded /
percentage change in price
Given gas short run elasticity of demand = 0.25 and 10% percent increase in price
the quantity of...

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