If the government would like to expand access to care,is it better to use a demand policy or a supply policy? Pay particular attention to the elasticity of each curve.

Question

Quizplus · Accepted Answer

The Answer is If the supply function is relatively inelastic compared to the demand function,then it will be very costly to expand access to care using a demand policy.On the other hand,if the supply function is relatively elastic,then a demand policy can be a useful tool to expand access to care.

If the Government Would Like to Expand Access to Care,is