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Homework answers / question archive / Why is healthcare generally considered to be inelastic (have low elasticity) but individual doctor's offices or hospitals may be considered elastic, when it comes to price/demand?

Why is healthcare generally considered to be inelastic (have low elasticity) but individual doctor's offices or hospitals may be considered elastic, when it comes to price/demand?

Economics

Why is healthcare generally considered to be inelastic (have low elasticity) but individual doctor's offices or hospitals may be considered elastic, when it comes to price/demand?

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