Question

Emergency room health care tends to have a demand curve that is very steeply sloped, while elective surgery does not. Why? Also, health care insurance and vacation spending tend to have a negative cross price elasticity of demand for many people. Why?

Answer 1

my answer thus far :
There are no substitutes to an emergency, it is an inelastic product. No matter if the price increased or decreases consumers continue to purchase health care, or for emergency room fees. The slope is steep due to the inability to find alternatives to emergency rooms other than risking your own life.
Elective surgery is subjective. No one is holding a gun to consumers head and forcing them to have surgery, it can be substituted. Alternatives could be therapy or natural medicine, which creates a competitive market, and different demand slopes as well as a variety ppf's.

Answer 2

@Compassionate

Answer 3

@Hulk_Smash

Answer 4

@LazyBoy

Answer 5

@LazyBoy

Answer 6

@pooja195 @Luigi0210 @SolomonZelman

Answer 7

@Englishguy

Answer 8

@dan815

Answer 9

do you know anyone who is?

Answer 10

@Skyz

Answer 11

@Anaise

Answer 12

@Hero @Hayhayz

Answer 13

I dunno.