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Is the demand for electricity elastic or inelastic?

Jolie Roob ∙

Lvl 10

∙ 5mo ago

Updated: 2/13/2025

The demand for electricity is generally considered to be inelastic, meaning that changes in price do not significantly affect the quantity demanded.

AnswerBot

∙ 5mo ago

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What kind of elastic demand does electricity belong?

It depends on whether electricity is necessity or luxury. In the US where electricity is a necessity, the demand is likely to be inelastic In Africa where electricity is luxury, the demand is likely to be elastic

Demand and its types?

Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.

Is the price and demand for junk food elastic or inelastic?

elastic

Is fruit elastic or inelastic demand?

elastic

Different degrees of elasticity of demand?

Perfectly elastic demand. Relative elastic demand. Unit elasticity of demand. Relative inelastic demand. Perfectly inelastic demand.

Related Questions

What kind of elastic demand does electricity belong?

It depends on whether electricity is necessity or luxury. In the US where electricity is a necessity, the demand is likely to be inelastic In Africa where electricity is luxury, the demand is likely to be elastic

Demand and its types?

Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.

Difference between elastic and inelastic demand?

difference between elastic and inelastic demand

Is the price and demand for junk food elastic or inelastic?

elastic

Is fruit elastic or inelastic demand?

elastic

Different degrees of elasticity of demand?

Perfectly elastic demand. Relative elastic demand. Unit elasticity of demand. Relative inelastic demand. Perfectly inelastic demand.

Demand for wine is elastic or inelastic?

Highly elastic.

What are the types of price elasticity of demand?

there are five types.1).perfect elastic demand,2)perfect inelastic demand,3).relatively elastic demand,4).relatively inelastic demand4).unity elastic demand

What are the different types of demands?

Inelastic Demand & Elastic Demand

When the price of a good will cause total revenue to fall if price elasticity of demand is elastic or inelastic?

when price changes it is called inelastic demand and when quantity of demand change that is called elastic of demand.

Distinguish between elastic and inelastic demand?

An example of perfectly inelastic demand would be a life-saving drug that people will pay any price to obtain. Elastic demand is the opposite of this.

If the elasticity equals 0 is demand perfectly elastic or perfectly inelastic?

it is perfectly inelastic

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