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Author Question: Which of the following is a close approximation of the price elasticity of demand for health care? ... (Read 104 times)

formula1

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  • 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

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

D


formula1

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

cpetit11

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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