The Demand for Heart Surgery Is Price Inelastic

question 49

Multiple Choice

The demand for heart surgery is price inelastic. So it follows that

• A) the percentage change in price is less than the resulting percentage change in quantity demanded.
• B) if the price of heart surgery increases, total expenditure by consumers on heart surgery will rise.
• C) changes in price do not affect the number of operations demanded.
• D) both a and b
• E) all of the above

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