Government charges for electricity

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Reference no: EM138243

Q. This graph shows the quantity of electricity that consumers demand by the government at a regulated price set. Each day because of serious design flaws, the government learns that a large number of power plants must be taken out of commission. Since less generating capacity will be obtainable government must increase the cost which charges to reduce the quantity of electricity that demand of customers. Regulate the graph by dragging the dot or the demand curve (or both) to show the effect of an increase in the price that the government charges for electricity.

Reference no: EM138243

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