The price elasticity of demand for health care is such that an increase in the price of health care will:
A. decrease total health care expenditures.
B. increase total health care expenditures.
C. shift the demand for health care rightward.
D. shift the demand for health care leftward.
Answer: B
Economics
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In the above figure, if D2 is the original demand curve for a normal good and income decreases, which price and quantity might result?
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Economics