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home economics

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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 -

    I got it.... -1.0

  • home economics -

    good job
    that is correct!

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