Health-Care Proxies __________

question 28

Multiple Choice

Health-care proxies __________.

• A) are not recognized in the United States
• B) cannot make medical decisions for patients in persistent vegetative states
• C) are an important means of covering children and adolescents
• D) are expensive and, therefore, only available to higher-SES patients

---

Definitions:

Cross-Price Elasticity

A gauge of the demand shift for one item in response to price adjustments of another item.

Cross-Price Elasticity

A measure of how the quantity demanded of one good responds to a change in the price of another good, indicating the degree of substitutability or complementarity between them.

Substitutes

Products or services that can replace or serve as alternatives to another, often influencing consumer choices and market competition.

Income Elasticity

A measure of how much the quantity demanded of a good responds to a change in consumers' income, holding all other factors constant.