Why Might the Demand for Massages Be More Elastic Than

question 87

Multiple Choice

Why might the demand for massages be more elastic than the demand for chiropractic adjustments?

• A) Relative to massages, there are more substitutes for chiropractic adjustments.
• B) People get massages in the short run and chiropractic adjustments in the long run.
• C) Massages are much cheaper than chiropractic adjustments.
• D) Massages tend to be luxuries and chiropractic adjustments tend to be necessities.

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Definitions:

Government

The organization, structure, and systems that govern a community, state, or nation, responsible for regulating and managing public affairs.

Private Insurers

Independent companies that provide individuals and entities coverage against financial losses in exchange for premium payments.

Expenditures

Refers to the total amount of money spent by households or businesses on goods and services.

Welfare State

A system where the government plays a key role in the protection and promotion of the economic and social well-being of its citizens.