The demand for health care in industrially advanced economies is:

a. highly elastic with respect to both price and income.
b. highly inelastic with respect to both price and income.
c. highly elastic with respect to income, but highly inelastic with respect to price.
d. about unit elasticity with respect to income and relatively inelastic with respect to price.

ANSWER

d. about unit elasticity with respect to income and relatively inelastic with respect to price.