A World Bank study found that charging user fees for medical treatment in developing countries dramatically reduced treatment rates, indicating that these medical treatments have elasticities

Question

Quizplus · Accepted Answer

Elasticities greater than 1 indicate that the demand for medical treatments is elastic, meaning a small change in price leads to a large change in the quantity demanded. The dramatic reduction in treatment rates upon charging user fees supports this conclusion.

A World Bank Study Found That Charging User Fees for Medical