A group of people that were insured last year paid $20 out of pocket for a...
A group of people that were insured last year paid $20 out of pocket for a primary care visit but this year they must pay $100 out of pocket for the same level of service. All other factors remain the same. The demand for medical care as a result is:
A.) More elastic
B.) Less elastic
C.) No Change
Homework Answers
![(100-100) [(100+100) 2 price elasticity of demand = (100-20) (100+20) (0) [200] (80) [120] 0 120 200 80 = 0 Thus, the elastic](http://img.homeworklib.com/questions/514e6b90-3122-11eb-ba0e-e57fb124d14d.png?x-oss-process=image/resize,w_560)
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