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what is the correct answer? 13. The government wants to reduce the consumption of electricity by 5%.The price elasticity of demand for electricity is -0.4.The

what is the correct answer?

13. The government wants to reduce the consumption of electricity by 5%.The price elasticity of demand for electricity is -0.4.The government should

A) raise the price of electricity by 12.5%.B) raise the price of electricity by 2%.

C) lower the price of electricity by 0.4%.D) raise the price of electricity by .08%

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