Multiple Choice
The demand curve for physician office visits is quite inelastic; therefore:
A) a large increase in price causes quantity demanded to decrease by very little.
B) a large decrease in price causes quantity demanded to decrease by a lot.
C) a small increase in price causes quantity demanded to decrease by a lot.
D) a small decrease in price causes quantity demanded to decrease by very little.
Correct Answer:
Verified
Correct Answer:
Verified
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