If a person has very little concern for her health, her demand for healthcare would tend to be:
A) elastic
B) inelastic
C) unit elastic
D) horizontal
Correct Answer:
Verified
Q48: A policy reducing the supply of drugs
Q49: Demand is said to be inelastic if:
A)the
Q50: If a good is a necessity, demand
Q52: Suppose a coffee plantation in Colombia increases
Q54: Economists use the concept of price elasticity
Q55: In the 1970s OPEC generated high prices
Q56: Price elasticity of supply is defined as
Q57: The concept of elasticity is used to:
A)analyse
Q58: While an increase in total agricultural production
Q219: If a supply curve is horizontal,it is
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents