Which of the Following Is NOT True Regarding the Price

question 41

Multiple Choice

Which of the following is NOT true regarding the price elasticity of medical care?

• A) Price elasticity of medical care is generally inelastic.
• B) Elasticity that is less than one is elastic demand.
• C) Preventive or elective services are elastic.
• D) High elasticity of demand means that demand is more responsive to changes in price.

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