Price elasticity of demand and why is demand so inelastic

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Price elasticity of demand and why is demand so inelastic?

Utility companies routinely ask state commissions for permission to raise utility rates. What does this suggest about the price elasticity of demand? Why is demand so (in)elastic?

Reference no: EM1370926

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Price elasticity of demand and why is demand so inelastic : Utility companies routinely ask state commissions for permission to raise utility rates and what does this suggest about the price elasticity of demand?

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