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attashe74 [19]
3 years ago
15

Emergency room health care tends to have a demand curve that is very steeply sloped, while elective surgery does not. Why? Also,

health care insurance and vacation spending tend to have a negative cross price elasticity of demand for many people. Why?
Business
1 answer:
RoseWind [281]3 years ago
3 0

<span>Emergency room health care demand is expensive because it tends to be more of a necessity in its time of use. On the other hand, elective surgery is the contrast because compared to ER; it is less of a necessity. People have more money to spend on vacations when healthcare insurance prices go down.</span>

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If many firms enter the computer software industry and consequently bid up the price of programmers, then:
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