Demand for gas is elastic...
I've read that cars in Europe are, on average, more efficient than cars in the US due to significantly higher taxes on gasoline.
...but not for electricity?
In the context of electricity, however, I have heard that demand is inelastic - people tend to use about the same amount regardless of the cost.
Is this true?
Here's a comparison of per capita electric usage for the USA and a few other high income nations around the world:
When comparing the US to other high income nations, is the discrepancy in usage due to higher prices, or some other factor(s)?