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How May the Health Care Reform That Was Passed in 2010

question 24

Essay

How may the health care reform that was passed in 2010, and slowly implemented through 2014, affect Susan, Marie, and their children?


Definitions:

Inferior Good

A type of good for which demand decreases as the income of consumers increases, inversely related to income elasticity.

Demand

The amount of a product or service that consumers are prepared and capable of buying at different price levels over a specific time frame.

Related Goods

Related goods are goods that can either be substitutes or complements to each other, affecting each other's demand and consumption patterns.

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