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04-05-2008, 02:57 PM
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| Can anyone please help me with this economics question? A few years ago, when residential electricity in the state of Washington coast about half as much as in nearby Montana, the average household in Washington used about 1200 kilowatt-hours per month, whereas Montana used about half as much per household. Do these data provide us with two points on the average household's demand curve for residential electricity in this region. Why or why not?      |
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