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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???
16 years ago

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idk
I got it.... -1.0
16 years ago
mysterychicken
good job
that is correct!
16 years ago

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