(Answered) Question 1 if the cross price elasticity of clinic visits

Management Studies

Question 1: If the cross price elasticity of clinic visits with respect to pharmaceuticals price is -0.18,how much will ambulatory visits change if pharmacy prices rise by 5 percent?are pharmaceuticals substitutes for or complements to clinic visits?

Question 2: If the cross price elasticity of clinic visits with respect to emergency department prices is 0.21,how much will ambulatory visit change if emergency department prices rise by 5 percent?are emergency visits substitutes for or complements to clinic visits?

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