​Figure 52

Multiple Choice

​Figure 5.2. The figure shows the supply and demand curves of a firm.
-Which of the following is a possible difference between health care and other products?​

A) ​The demand curve for health care may be steeper than the demand curve for other products.
B) ​The demand curve for health care is a horizontal line, whereas the demand curve for other products is downward sloping.
C) The supply curve for health care is fixed, whereas the supply curve of other products change with a change in its determinants.
D) ​The demand for health care is positively related to price, whereas the demand for other products is inversely related to price.
E) ​The supply of health care is inversely related to price whereas the supply of other products are positively related to price.