Elasticity measures the degree of downward-sloping Elastic demand DE a price sensitive: changes in price greatly affect the quantity demanded Inelastic demand D Price insensitive: changes in price do not significantly DE change the quantity demanded Q Quantity of health care Bhattacharya,Hyde and Tu-HealthEconomicsBhattacharya, Hyde and Tu – Health Economics Elasticity measures the degree of downward-sloping  Elastic demand DE  price sensitive: changes in price greatly affect the quantity demanded  Inelastic demand DI  Price insensitive: changes in price do not significantly change the quantity demanded