Question 1 (5 marks) Studies have shown that the price elasticity for GP consultations is -0.2...
Question 1 (5 marks)
Studies have shown that the price elasticity for GP consultations is -0.2 and for emergency department servicesit is -0.05.
- If the government promises to reduce the co-payment of GP services by 10% what will be the impact (in percentage terms) on GP utilisation. Will total expenditure on GP services increase or decrease? (2 marks)
- If a price rise of 10% is imposed on emergency department services, what will the impact be (in percentage terms) on ED use? (1 marks)
- Using a diagram with an indifference curve and budget constraint, explain what would happen to the demand for ED and GP consultations if co-payments for GP consultations decreased but ED co-payments stayed the same (2 marks)
Homework Answers
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Question 1 (5 marks)
Studies have shown that the price elasticity for GP
consultations is -0.2...
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quality in the airline industry?
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some conclusions and contributes of this paper. I need this for my
Finishing Project so i need this ASAP please ( IN 1-2-3 HOURS
PLEASE !!!)
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put into place to avoid further internal unrest? What potential is
there to extend auch programmes to external partners?
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