Suppose that the demand for electricity has been found to be price inelastic. The most likely explanation for this finding is that:

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Suppose that the demand for electricity has been found to be price inelastic. The most likely explanation for this finding is that:

A.electricity is sold in a monopoly market.

B.few substitutes for electricity exist.

C.the fraction of income spent on electricity is large.

D.electricity is a luxury good.

正确答案:few substitutes for electricity exist.

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