If the price of emergency visits to the doctor rose,we would expect:
A)a large decline in the number of emergency visits to the doctor.
B)only a slight decline in the number of emergency visits to the doctor.
C)the number of emergency visits to the doctor to increase.
D)the total income of doctors to fall dramatically.

Question

Quizplus · Accepted Answer

Emergency visits to the doctor are typically inelastic in demand because they are considered necessities. When the price increases, people can't easily choose not to have emergency medical care, leading to only a slight decline in the number of visits.

If the Price of Emergency Visits to the Doctor Rose,we