Discussion Post
Answer the following questions regarding demand for health care.
o In your own words use utility analysis to explain why people demand health. How does the Law of Diminishing Marginal Utility fit into the analysis?
o How would you expect the price elasticity of demand for medical care to vary with health status? Give a specific example.
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.