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Business, 18.10.2019 04:30 mrfloyd1250

This is your chance to calculate demand elasticities for health care. suppose you are collecting data from a country (like japan), where the government sets the price of health care. each prefecture in japan has a different set of prices (for example, tokyo has higher prices than rural hokkaido). suppose you observe the following data for 1999: outpatient visits price/visit tokyo 1.25/month 20 yen hokkaido 1.5/month 10 yen what is the arc price elasticity of demand for health care consumers in japan (using only these data)?

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