The lower the price of medical care in general,the higher the ____________________________ medical care and the ______________________ specific items that make up medical care (such as x-rays).

Question

Quizplus · Accepted Answer

According to the law of demand, as the price of a good/service decreases, the quantity demanded of it increases. Therefore, as the price of medical care decreases, the quantity demanded of it will increase. Additionally, since medical care is a necessity and there is no close substitute for it, the lower the price of medical care, the higher the demand for it. As a result, the demand for specific items that make up medical care, such as x-rays, will also increase.

The Lower the Price of Medical Care in General,the Higher