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OlgaM077 [116]
1 year ago
12

Under free market conditions, the relationship between the quantity of medical services demanded and the price of medical servic

es is:_______
Business
1 answer:
asambeis [7]1 year ago
3 0

Under free market conditions, the relationship between the quantity of medical services demanded and the price of medical services is:(D.) Inverse

What are free market conditions?

The relationship between  quantity demanded and price normally, where the market forces are left to determine the happenings in the market, is inverse, in that as the quantity demanded increases prices decrease.

In the same vein, the relationship between the quantity of medical services demanded and the price of medical services, is also inverse which means that the amounts charged by doctors for medical treatment reduces, there would be more patients, since the cost is now cheaper which discourages people to seek alternative medicine.

Find out more about demand-price relationship on:brainly.com/question/26264326

#SPJ1

Full question:

Under free market conditions, the relationship between the quantity of medical services demanded and the price of medical services is:

A. Unknown

B. Equal

C. Direct

D. Inverse

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$ 10,867 F

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5 0
3 years ago
When changing from the average cost method to FIFO, the company:
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7 0
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A firm practices the pure chase strategy. Production last quarter was 1000. Demand over the next four quarters is estimated to b
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