Question

In: Economics

With health insurance coverage, demand for medical services in general will become ______________. Group of answer...

With health insurance coverage, demand for medical services in general will become ______________.

Group of answer choices

unchanged in price elasticity

unitary price elastic

more price elastic

less price elastic

Solutions

Expert Solution

Less price elastic, even for the minor needs the demand will remain high no matter what the cost in the market is, the answer is "D".


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