question archive In the RAND HIE, the arc elasticity of demand for inpatient care was larger (in absolute value) than the arc elasticity of demand for outpatient care
In the RAND HIE, the arc elasticity of demand for inpatient care was larger (in absolute value) than the arc elasticity of demand for outpatient care
Subject:EconomicsPrice:2.88 Bought3
In the RAND HIE, the arc elasticity of demand for inpatient care was larger (in absolute value) than the arc elasticity of demand for outpatient care.
a. True
b. False
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The given statement is False.
This is an incorrect statement because the sensitivity of price tends to be high in the case of urgent healthcare. In the case of inpatient care, the absolute value of elasticity of demand is smaller in value.
