ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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a. What is the arc
b. Using your estimated elasticity, what would the demand for health care be if the price in tokyo were raised to 30 per visit? What would the demand in Hokkaido be if the price were lowered to 5 per visit?
Region | Outpatient visits | Price/ visit |
Tokyo | 1.25/ month | 20Y |
Hokkaido | 1.5/ month | 10Y |
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