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Harrisonburg Electric Cooperative raises the price of one kilowatt of electricity by 10%, leading to a 5% reduction in quantity demanded. From these facts, demand

Harrisonburg Electric Cooperative raises the price of one kilowatt of electricity by 10%, leading to a 5% reduction in quantity demanded. From these facts, demand for electricity is:

Group of answer choices

Unit elastic.

Inelastic.

Elastic.

Perfectly elastic.

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