Use the following definitions for an individual who consumes only two goods,x and y:
sx = share of income spent on x.
sy = 1-sx. 
= price elasticity of demand for x. 
= price elasticity of demand for y.
ex,I = income elasticity of demand for x.
ey,I = income elasticity of demand for y. 
= cross price elasticity of demand for x. 
= cross price elasticity of demand for y.
-The elasticity of the compensated demand curve 
Can be computed as:
Definitions:
Aging
The process of becoming older, characterized by gradual deterioration of physical and cognitive function over time.
Life Span
The duration of time from an organism's birth to its death, encompassing all stages of its life.
Diagnosis-Related Groups (DRGs)
A system to classify hospital cases into one of originally 467 groups, intended to encourage cost efficiency while maintaining quality of care.
Hospital
A hospital is a healthcare institution providing patient treatment with specialized medical and nursing staff and medical equipment.
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