Multiple Choice
The demand for heart surgery is price inelastic.So it follows that
A) the percentage change in price is less than the resulting percentage change in quantity demanded.
B) if the price of heart surgery increases,total expenditure by consumers on heart surgery will rise.
C) changes in price do not affect the number of operations demanded.
D) both a and b
E) all of the above
Correct Answer:
Verified
Correct Answer:
Verified
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