The demand curve for physician office visits is quite inelastic; therefore:
A) a large increase in price causes quantity demanded to decrease by very little.
B) a large decrease in price causes quantity demanded to decrease by a lot.
C) a small increase in price causes quantity demanded to decrease by a lot.
D) a small decrease in price causes quantity demanded to decrease by very little.

Question

Quizplus · Accepted Answer

The Answer is A

The Demand Curve for Physician Office Visits Is Quite Inelastic;