The available data strongly suggest that,as the "needs" argument would suggest,the demand for health care is virtually perfectly inelastic.

Question

Quizplus · Accepted Answer

The statement is incorrect as evidence shows that the demand for healthcare is not perfectly inelastic. While healthcare is a necessity, patients are still affected by factors such as availability, cost, and quality of care, which can influence their demand for healthcare services.

The Available Data Strongly Suggest That,as the "Needs" Argument Would