Major employer has just added health insurance coverag

Reference no: EM13688811

A major employer has just added health insurance coverage for its employees.

Consequently, 5,000 of your patients will pay a $30 copayment rather than the list price of $100 per visit. These patients average 2.2 visits per year. You believe the price elasticity of demand is between 0.15 and 0.35. What is your forecast of the change in the number of visits?

Reference no: EM13688811

Questions Cloud

Indifference curves that are consistent with rays preference : Ray has $120 to spend on pizza in a week. There is only one pizza restaurant in town, and it sells two sizes of pizza: regular (R) and large (L). The regular has 20 square inches of pizza and the large has 30 square inches of pizza

Determine the interest rate gene paid : Find the interest rate Gene Milton borrowed a sum of $5,000 from his uncle be. After three years, he paid back a sum of $5,000 and paid another $1000 in the following year to pay off the Ioan.

How did the regulation play a major part in financial crisis : Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..

Major employer has just added health insurance coverag : A major employer has just added health insurance coverage for its employees. Consequently, 5,000 of your patients will pay a $30 copayment rather than the list price of $100 per visit. These patients average 2.2 visits per year.

Learnt in the course aggregate demand is equal : As we have learnt in the course aggregate demand is equal to C+I+G+(EX-IM) where the only difference with RGDP is that in the above equation I does not include accumulated inventories.

What can shift the vertical aggregate supply to the right : What can shift the vertical (long-run) aggregate supply to the right? What can shift the vertical (long-run) aggregate supply to the left?

Is this objective met by the bank : Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..

User Account

All Pages