A serious impediment to the design of appro,A-IL priate public policies with regard to the ''energy crisis is the lack of general agreement concerning the determinants of energy demand. This paper considers the determinants of residential demand for electric energy. The results indicate that the long-run own-price elasticity of demand is equal to at least unity, contrary to the common assumption that demand is not responsive to price.
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Robert Halvorsen (1975) studied this question.
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