Multiple Choice
All else equal, the amount of waste caused by full health insurance is:
A) larger the lower is the price elasticity of demand for medical services.
B) larger the higher is the price elasticity of demand for medical services.
C) larger the lower is the price elasticity of supply for medical services.
D) smaller the higher is the price of medical services.
Correct Answer:
Verified
Correct Answer:
Verified
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