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EC248 Chapter 7 Quiz with complete solutions graded A+ 2025/2026

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EC248 Chapter 7 Quiz with complete solutions graded A+ 2025/2026

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EC248 Chapter 7 Quiz with complete
solutions graded A+ 2025/2026

The __________ health care depends on preferences, budget constraint, price, supply factors.



demand for

need for

availability of

utilization of - ANS✔✔ utilization of



Evidence indicates the demand for health care is



perfectly inelastic

perfectly elastic

inelastic

elastic - ANS✔✔ inelastic



Utilization of health care is often the starting point for studies into the need and/or demand for
health care because



the concepts are interchangeable and utilization is easiest to measure.

demand and utilization are equal and need is unobservable.

demand and utilization are similar and utilization is easy to measure.

utilization is observable and offers information on demand and need. - ANS✔✔ utilization is
observable and offers information on demand and need.

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