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Question
What has happened to the elasticity of demand for health care over time?
a. It has become more elastic.
b. It has become more inelastic as people live longer and advances in medical technology are made.
c. It has become more elastic as people face a shortened life span and advances in medical technology are made.
d. It has become more inelastic as people face a shortened life span and advances in medical technology are made.
e. The magnitude of elasticity has been constant over time.
Answer
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