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Which of the Following Is True of the Demand Curve

Question 54

Multiple Choice

Which of the following is true of the demand curve for medical care?


A) The demand curve for medical care is infinitely elastic.
B) The demand curve for medical care is relatively inelastic.
C) The demand curve for medical care shifts upward due to an increase in the price of medical care.
D) The demand curve for medical care is relatively flatter than the supply curve of medical care.
E) The demand curve for medical care is horizontal at the equilibrium price of medical care.

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