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High-Income Patients Have a High Opportunity Cost of Time

Question 8

Multiple Choice
High-income patients have a high opportunity cost of time.Which of the following methods would best increase the quantity demanded by these patients?

High-income patients have a high opportunity cost of time.Which of the following methods would best increase the quantity demanded by these patients?


A) Decreasing the price of treatment
B) Increasing the price of treatment to reduce waiting times
C) Locating an office near the high-income patients
D) Locating an office near low-income patients

Correct Answer:

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