We know throughout the law away from request the numbers required tend to answer an expense transform: it will change in the alternative assistance. But how far does it change? It looks realistic to anticipate, such, you to definitely a great 10% change in the cost billed to have a visit to a family doctor create produce yet another payment change in numbers required than a great 10% improvement in the cost of a Ford Mustang. But exactly how much is it variation?
The price elasticity of demand for a good or service, eD, is the percentage change in quantity demanded of a particular good or service divided by the percentage change in the price of that good or service, all other things unchanged. Read more!