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The Concept of _____ Does Not Work Well When Applied

Question 24

Multiple Choice

The concept of _____ does not work well when applied to health care,because the general rule that when the price of an item or service goes up then the demand goes down does not necessarily apply to the public's demand for (or their belief in their right to obtain) a health care item or service.


A) price elasticity
B) scarcity
C) economics
D) cost maximization

Correct Answer:

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