What is one reason the supply and demand model might NOT be appropriate to the health-care industry?
A) Consumers do not have full information.
B) Providers do not know the demand for health-care services.
C) Consumers do not know how to value their own health.
D) The costs of finding a doctor are too low.
A
Economics
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The relationship between money and spending is
A) very reliable. B) very unreliable. C) not important. D) None of the above.
Economics
"The income elasticity of a good is positive if a consumer increases the total spending on that good as a result of an increase in its market price." Do you agree or disagree? Why?
What will be an ideal response?
Economics