question archive Suppose, in a given country, that the expected life span is 70 years
Suppose, in a given country, that the expected life span is 70 years
Subject:EconomicsPrice:2.88 Bought3
Suppose, in a given country, that the expected life span is 70 years. Health policy-makers increase health care spending by 10% and the life span rises to 71 years. The elasticity of life span with respect to health care spending is
A. 0.
B. +4/7
C. +1/7
D. +1
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