If someone did not regard health care as very important, often using home remedies and other substitutes, his or her demand curve for health care would most likely be more _____ than that of other people.
A) price-elastic
B) price-inelastic
C) nearly horizontal
D) nearly vertical

Question

Quizplus · Accepted Answer

If someone does not regard health care as very important and often uses substitutes like home remedies, their demand for health care would be more price-elastic. This means they are more sensitive to changes in price and more likely to reduce their consumption of health care services if prices rise.

If Someone Did Not Regard Health Care as Very Important