commissioner.org
Re: Elastic and Inelastic Demand
Source D. Ohmans Date 01/03/05/16:20
Brad,
True, demand for energy is inelastic, and the industry is also a natural monopoly. Hence, the lowly individual consumers need some ally to defend them from exorbitant prices, and this is the role for government regulation.
Hope this helps.
Doug[View the list]
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