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Sublight2097 Sublight2097
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Posts: 4132
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8 years ago
Medical service by physicians
A) could be made a free good through universal health insurance.
B) is a good for which the demand is completely inelastic.
C) is a good for which there is no satisfactory substitute.
D) would become a free good if physicians did not charge monetary fees.
E) would cost some patients more in non-monetary terms than they now pay if physicians did not charge monetary fees.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
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#3
8 years ago
Another success story!

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