If someone did not regard health care as very important, often using home remedies and other substitutes, his or her demand curve for health care would most likely be ________ over the relevant range of prices for health care.
A) more price elastic
B) more price inelastic
C) horizontal
D) vertical

Question

Quizplus · Accepted Answer

When someone does not regard health care as very important and uses home remedies and substitutes instead, their demand for healthcare would be more elastic as they have alternatives to healthcare. This means that they would be more sensitive to changes in prices, and changes in price will have a greater effect on the quantity of healthcare they consume.

If Someone Did Not Regard Health Care as Very Important