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What Are Norms? How Do Norms Differ from Organizational Rules

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What are norms? How do norms differ from organizational rules?


Definitions:

Demand for Health Care

The total amount of health care services that consumers are willing and able to purchase at a given price level.

Price-Inelastic

A characteristic of a product or service whose demand does not significantly change with a change in its price.

Budget Constraint

The limitation on the consumption bundles that a consumer can afford based on their income and the prices of goods and services.

Luxury

Goods or services that are considered non-essential but desirable and associated with high-quality and high price.

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