This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is a close approximation of the price elasticity of demand for health care? ... (Read 105 times)

formula1

  • Hero Member
  • *****
  • Posts: 666
on: Jun 30, 2018
Which of the following is a close approximation of the price elasticity of demand for health care?
 a. 0.2
  b. 0.8
  c. 1.8
  d. 4.0

Question 2

Calculate the annual return earned by a lender on a sum of 800 lent out at 8 percent interest, if prices inflate at the rate of 5 percent per annum.
 a. 909.03
  b. 808.50
  c. 800.67
  d. 907.20


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

amandanbreshears

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

D


formula1

  • Member
  • Posts: 666
Reply 2 on: Jun 30, 2018
Excellent

mcarey591

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Women are two-thirds more likely than men to develop irritable bowel syndrome. This may be attributable to hormonal changes related to their menstrual cycles.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Your heart beats over 36 million times a year.

A close-up of the migrating snails. A close-up of the migrating snails.
Nursing care Nursing care
Labeling of black cohosh: (b) back label with more health claims and FDA disclaimer Labeling of black cohosh: (b) back label with more health claims and FDA disclaimer
Typology of 11 functional health patterns Typology of 11 functional health patterns
Large families on U.S. farms used to be common. Children helped plant and harvest crops, take care ... Large families on U.S. farms used to be common. Children helped plant and harvest crops, take care ...
A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ... A demand delivery system uses a fuel-pressure regulator attached to the fuel pump assembly inside ...
Video: Pneumonia Animation

For a complete list of videos, visit our video library