Is the following statement True, False or Uncetsin. Please provide reason for yo

Question

Is the following statement True, False or Uncetsin. Please provide reason for your answer.
In a regression study of electricity demand the price response was found to be insignificantly different from zero. Therefore, price is not an important determinant of electricity consumption Is the following statement True, False or Uncetsin. Please provide reason for your answer.
In a regression study of electricity demand the price response was found to be insignificantly different from zero. Therefore, price is not an important determinant of electricity consumption
In a regression study of electricity demand the price response was found to be insignificantly different from zero. Therefore, price is not an important determinant of electricity consumption

Explanation / Answer

Yes; since electricity consumption is important part of life and all people becomes habitual for electricity. people can not leave without electricity so electricity is independent of price. So regression study of electricity demand the price response was found to be insignificantly deffent from zero

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