"Rising health care costs might be considered a vicious circle.As health care costs rise,people want more,and this drives up demand,which in turn increases health care costs." What is wrong with this statement?
A) If prices rise,people do not demand more.
B) If costs rise,people are not willing and able to purchase more if they have to pay for the health care.
C) If an increase in demand for health care is matched with an equal increase in supply,the cost of health care remains unaffected.
D) Demand does not rise simply because health care costs rise.
E) Health care costs do not rise simply because demand increases.
Correct Answer:
Verified
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