[Answered] Which of the following is a close approximation of the price elasticity of demand for health care? ...

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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

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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

TYSM

triiciiaa

Member
Posts: 349

Reply 3 on: Yesterday

Wow, this really help

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