Which of the Following Is Not a Reason Why the Demand

question 153

Multiple Choice

Which of the following is not a reason why the demand for health care in the U.S. is quite price-inelastic?

• A) People consider health care to be a luxury.
• B) There are only a few, or no, substitutes.
• C) Most consumers do not shop around, preferring a long-term relationship with their doctors.
• D) Most patients have insurance, effectively removing their budget constraint for health care.

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Definitions:

Implantation

The process by which a fertilized egg attaches to the lining of the uterus to begin pregnancy.

Corpus Luteum

The corpus luteum is a temporary endocrine structure in female ovaries that is involved in the production of relatively high levels of progesterone, some estrogens, and other hormones during the menstrual cycle.

Cervical Cancer

Form of cancer that is often caused by the human papillomavirus (HPV); vaccinations are available to reduce risk.

Ovarian Cancer

Form of cancer that affects the uterus; often difficult to diagnose due to a lack of symptoms.