Screening for cancers saves lives. Mammogram is the screening for breast cancer, which reduces number of death from the disease (USPSTF, 2016). Unfortunately, half of the women do not get this life-saving test. Two most significant barriers in receiving the screening are the cost and the lack of insurance coverage (Cappon, 2014). It is important …
Month: July 2018
To answer the question about which medication has more price-inelastic demand, we need to understand the concept of price elasticity of demand. According to Feldstein, price elasticity of demand is the percent change in quantity of demand divided by the percent change in price (2012). Using the formula, we could compare the quantity and price …