If the supply of health care services is highly inelastic, programs that subsidize the cost of purchasing medical services will
a. lead to higher prices for medical services.
b. lead to lower prices for medical services.
c. not affect the price of medical services.
d. help the buyers of medical services more than the sellers of those services.
A
Economics
You might also like to view...
A deferred payment scheme is more likely to be accepted by a worker if
A) the firm has a reputation of not firing senior employees to save pension costs. B) the worker is very young. C) the worker is very old. D) None of the above.
Economics
Which is potentially the most powerful tool available to the Fed to control the supply of money?
a. open market operations b. moral suasion c. changes in reserve requirements d. discount rate changes
Economics