Residential Electricity Commercial Electricity Residential Natural Gas
Short-run elasticity 0.24 0.21 0.12
Long-run elasticity 0.32 0.97 0.23
Interpret, in words, the short run elasticity of demand for residential electricity. Which sector (Residential or commercial) is more responsive to a 1% decrease in electricity prices in the short run? What about in the long run? By what percent would the quantity demanded change for these sectors?
Answers: 1
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In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?
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One of the benefits of a well designed ergonomic work environment is low operating costs is true or false
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Residential Electricity Commercial Electricity Residential Natural Gas
Short-run elasticity 0...
Short-run elasticity 0...
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