Commercial Sector Demand Elasticities

(t-statistics in parentheses)

Energy Source

Own-Price

Elasticity

Total Floorspace

Elasticity

Lag Q

R2

Electricity

-.115

(-12.8)

.686

(15.9)

.326

(7.17)

 

.985

Natural Gas

-.185

(-14.1)

.776

(15.0)

.283

(5.65)

 

.984