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If the Demand for Health Care Is Elastic and Health

Question 146

Multiple Choice

If the demand for health care is elastic and health care co-payments are lowered, the percentage change in the quantity demanded of health care will be _______________ than the percentage decrease in co-payments, and the total dollar amount spent on health care will ___________.


A) greater; rise
B) less; rise
C) greater; fall
D) less; fall

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