If someone regarded health care as very important, for instance, going to the clinic whenever there is an issue, his or her demand curve for health care will likely be more _____ than that of other people.
A)elastic
B)inelastic
C)upward-sloping
D)unit-elastic

Question

Quizplus · Accepted Answer

The more important someone regards health care, the less responsive their demand will be to changes in price or availability, leading to a more inelastic demand curve.

If Someone Regarded Health Care as Very Important, for Instance