Does the demand curve for health care slope downward? Are people sensitive to the price of health care? Is demand for vaccines such that... ■P=5100,Q=1,000 ■P=51,Q=1,000 i.e.demand is inelastic? Is demand for band-aids such that... ■P=$100,Q=1 ■P=$1,Q=30 i.e.demand is elastic? If people always obey their doctors,then demand should be inelastic! Bhattacharya,Hyde and Tu-HealthEconomics Bhattacharya, Hyde and Tu – Health Economics Does the demand curve for health care slope downward? Are people sensitive to the price of health care? Is demand for vaccines such that… ◼ P = $100, Q=1,000 ◼ P = $1, Q=1,000 ◼ i.e. demand is inelastic? Is demand for band-aids such that… ◼ P = $100, Q = 1 ◼ P = $1, Q = 30 ◼ i.e. demand is elastic? If people always obey their doctors, then demand should be inelastic!