Why is the demand for healthcare products usually inelastic?
Question:
Why is the demand for healthcare products usually inelastic?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
The demand for healthcare products is often considered inelastic for several reasons Necessity of Care Many healthcare products such as medications medical procedures and treatments are often necessar...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Tobacco advertising, promotion, and sponsorship increase tobacco use and helps sustain it by attracting new tobacco users and discouraging tobacco users from quitting. A comprehensive ban on tobacco...
-
1. Assume that Fred has a monopoly on the production of widgets in Smallville. He finds that he faces a down sloping demand for widgets?that is, he can sell more by lowering the price. In the chart...
-
1. Assume that Fred has a monopoly on the production of widgets in Smallville. He finds that he faces a downsloping demand for widgetsthat is, he can sell more by lowering the price. In the chart of...
-
Implement a Digraph data type that represents directed graphs, where the direction of edges is significant: \(\operatorname{addEdge}(v, w)\) means to add an edge from \(v\) to \(w\) but not from...
-
Describe how arbitrage typically takes place in a takeover of a publicly traded company.
-
The chapter suggests embeddedness in particular, the concept of mixed embeddedness as a conceptual background in order to study the real world of the entrepreneur. Research and discuss possible...
-
Identify and distinguish between the two types of statistical sampling techniques.
-
Chapin, Inc., owns a number of food service companies. Two divisions are the Coffee Division and the Donut Shop Division. The Coffee Division purchases and roasts coffee beans for sale to...
-
Using information obtained from television and online advertisements plus sales promotions and direct marketing, compare and contrast the promotional strategies of Walmart and Target. Cite all your...
-
Per capita income in the county was $40,000, and physician visits averaged 4.00 per person per year. Per capita income has risen to $42,000, and physician visits have risen to 4.02 per person per...
-
Why are price elasticities of demand called elastic or inelastic when other elasticities are not?
-
The resultant of the vectors a = 4i 3j and b = 2 pi pj is parallel to the vector c = 2i 3j. Find: a. The value of p. b. The resultant of vectors a and b.
-
Subject: Purposive communication Topic: Varieties and Registers of Spoken and Written Language Question: Watch the video by Dr. David Crystal Title "Which English . Then, answer the following...
-
In a system with a high degree of concurrency, what role do locks, mutexes, and semaphores play in managing thread synchronization, and how do these mechanisms impact the scalability and reliability...
-
Short Report with Memo format: Scenario: You are the general manager of the Red and White wine division of Wine Folly Inc. Your company has developed a new wine version. In taste tests, your target...
-
Answer the following questions. What are the developmental stage of adolescence. What is middle and late adolescences. What is middle adolescent stage. How many stages of development that a middle or...
-
What may be two specific effects of advertising on children? What may be the two cognitive problems that young children have with processing advertising messages?
-
The accompanying table summarizes successes and failures when subjects used different methods when trying to stop smoking. The determination of smoking or not smoking was made five months after the...
-
Write electron configurations for the following ions, and determine which have noble-gas configurations: (a) Cd2+ (b) p3- (c) Zr4+ (d) Ru3+ (e) As3- (f) Ag+
-
(a) In Problem 10-22 how much is it worth to the firm to terminate the product after 1 year if the net revenues are negative? (b) How much does the ability to terminate early change the P (loss) and...
-
Find the probability distribution and the expected PW to modify an assembly line. The first cost is $80,000, and its salvage value is $0. The firms interest rate is 9%. The savings shown in the table...
-
In Problem 10-24, how much is it worth to the firm to be able to extend the products life by 3 Years, at a cost of $50,000, at the end of the products initial useful life?
-
Use Excel to complete the indicated taks: y2 =a2*x^b2 y1 = a1*e^(b1*x) a1 = 1 a2 = b1 = 2 b2 = y3 = a3*(x/(b3+x)) 1 a3 = 1 1.5 b3 = 2 X 0.5 0.75 1 a. Plot each function on a separate graph b....
-
Discuss the role of hybridity in Chinua Achebe's "Things Fall Apart." How does Achebe use this concept to depict the impact of colonialism on indigenous cultures and the struggle for identity ?
-
In Virginia Woolf's "A Room of One's Own," how does Woolf articulate the obstacles faced by women in literature, and how does this work challenge traditional gender roles and advocate for female...
Study smarter with the SolutionInn App