Business
Business, 30.10.2019 00:31, melaniegilbreath

Suppose that, in an attempt to entice citizens to conserve energy, the government enacted regulations requiring that all air conditioners be more efficient in their use of electricity. after this regulation was implemented, government officials were then surprised to discover that people used even more electricity than before. using the concept of price elasticity, explain how this increase might have occurred?

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Suppose that, in an attempt to entice citizens to conserve energy, the government enacted regulation...

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