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The Income Elasticity of Demand for Dental Services Is 2

question 102

Multiple Choice

The income elasticity of demand for dental services is 2.40, and the income elasticity of demand for nursing homes is 0.90. Based on these estimates, dental services are a(n) _____ and nursing home care is a(n) _____.


Definitions:

Bell Palsy

A temporary condition that causes sudden, temporary weakness or paralysis of the facial muscles, typically on one side of the face.

Cephalhematoma

A localized swelling filled with blood, found on the head of a newborn as a result of birth trauma, typically resolving on its own.

Craniosynostosis

A birth defect in which one or more of the fibrous sutures in an infant's skull prematurely fuses, potentially affecting brain growth.

Hydrocephalus

A condition where there is an abnormal accumulation of cerebrospinal fluid (CSF) in the ventricles, or cavities, of the brain, which can increase pressure inside the skull and lead to brain damage.

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