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banggedung banggedung
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Posts: 450
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5 years ago



The above figure supports all of the following statements regarding health care EXCEPT

• if all medical expenses were paid for by third parties, the quantity demanded would increase tremendously.

• the demand for health care is insensitive to price changes; as the price goes up, so does the quantity demanded.

• due to third party payments, patients demand a higher quantity of health care services per year.

• the lower the deductible, the greater is the quantity demanded of health care services per year.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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wrote...
5 years ago
the demand for health care is insensitive to price changes; as the price goes up, so does the quantity demanded.
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