Paper , Order, or Assignment Requirements
Currently there is a $2 copayment on drugs. The Paseo Verde HMO has decided to change the copayment to $3 per prescription. The price elasticity of demand is E = -0.3 for prescriptions, and the HMO members currently use 7.6 prescriptions per capita. How much quantity per capita in regard to prescriptions will be demanded after the new copayment is put into effect? (Hints: Use the point-estimate formula and keep one decimal point (e.g., 6.8) in your answer)
This question first appeared on Write My Essay
Is this question part of your Assignment?
We can help
Our aim is to help you get A+ grades on your Coursework.
We handle assignments in a multiplicity of subject areas including Admission Essays, General Essays, Case Studies, Coursework, Dissertations, Editing, Research Papers, and Research proposals
Header Button Label: Get Started NowGet Started Header Button Label: View writing samplesView writing samples