The Chapter References a 2002 RAND Corporation Study That Determined

The chapter references a 2002 RAND Corporation study that determined -0.17 as the average price elasticity coefficient for health care.What can generally be said about this figure?

A) As health care increases in price,it results in nearly a one-for-one reduction in consumption.
B) As health care increases in price,it results in only a very minor reduction in consumption.
C) As health care decreases in price,it results in nearly a one-for-one increase in consumption.
D) As health care decreases in price,it results in a large increase in consumption.
E) Since the coefficient is negative,it means there is no causal relationship between price and consumption.