The price elasticity of demand for routine health care has been estimated as â€"0.17. suppose this is true, and consider a common insurance plan that switches from covering 80% of all medical expenses to covering 90% of all medical expenses. if an individual spent $1,000 (before insurance reimbursement) with each policy, by how much would the individual’s quantity demanded increase (in percentage terms)?
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Ответ:
So the correct answer is A.