Homework Help Forum: home economics

Posted by idk on Wednesday, October 29, 2008 at 8:49pm.

Assume that the monthly premium for manage care increases from $10 to $16, and that increase prompts a 60 percent of a health plan's employees to switch to another plan. Based on this empirical evidence, we could say that the elasticity of manage care insurance is equal to???

• home economics - idk, Wednesday, October 29, 2008 at 9:03pm

  I got it.... -1.0

  
  

  • home economics - mysterychicken, Wednesday, October 29, 2008 at 9:14pm

    good job that is correct!

    
    

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