Suppose citizens fear power outages in the near future. Could we see an “electricity run” leading to shortages today? Why or why not?

Suppose someone says, "The experience in Colorado shows that the law of demand does not apply; higher prices do not necessarily reduce the quantity people buy. Just after the hurricane, the price of gasoline increased, but the quantity that people bought increased even more. , so there were long lines." Is this person correct? explain

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1 Electricity Run and Shortages Its workable for fears of future blackouts to cause a flood in demand for electricity in the present leading to what could be named an electricity run Be that as it may ... View the full answer