An increase in the equilibrium price of electricity can be caused by

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An increase in the equilibrium price of electricity can be caused by an increase in the demand for electricity. When demand for electricity increases, and supply remains constant, the equilibrium price will increase to balance out the market. An increase in supply (choice A) would result in a decrease in price rather than an increase. A decrease in demand (choice C) would also result in a decrease in price. An increase in quantity demanded (choice D) can lead to an increase in price only if accompanied by a decrease in supply.

An Increase in the Equilibrium Price of Electricity Can Be