When a service, such as medical care, is provided free of charge,
A)most people consume an infinite amount of it
B)most people do not much care about getting good value for their money
C)people do not derive any consumer surplus from it
D)we say that the demand for it is perfectly elastic
E)we say that the demand for it is perfectly inelastic

Question

Quizplus · Accepted Answer

When a service is free, people are less concerned about the value for money since they are not directly paying for it.

When a Service, Such as Medical Care, Is Provided Free