If the price of emergency visits to the doctor were to rise, we would expect:
A) a significant decline in the number of emergency visits to the doctor.
B) only a slight decline is the number of emergency visits to the doctor.
C) the number of emergency visits to the doctor to stay the same.
D) the total income of doctors to fall dramatically.

Question

Quizplus · Accepted Answer

Emergency visits are often considered inelastic in demand because they are seen as necessary or urgent, meaning people will still seek emergency care despite higher costs, leading to only a slight decline in visits.

If the Price of Emergency Visits to the Doctor Were