The graph above shows an Engel curve for health (H) in (a) and an Engel curve for medical care (m) in (b). Which one of the following describes the possible impact of income growth on Health in from the "fast lane' effect? O O As income rises there will be higher utilization of medical care and lower stock of health As income falls there will be higher utilization of medical care and lower stock of health As income rises there will be lower utilization of medical care and lower stock of health As income rises there will be lower utilization of medical care and higher stock of health
The graph above shows an Engel curve for health (H) in (a) and an Engel curve for medical care (m) in (b). Which one of the following describes the possible impact of income growth on Health in from the "fast lane' effect? O O As income rises there will be higher utilization of medical care and lower stock of health As income falls there will be higher utilization of medical care and lower stock of health As income rises there will be lower utilization of medical care and lower stock of health As income rises there will be lower utilization of medical care and higher stock of health
Chapter5: Demand For Health And Medical Care
Section: Chapter Questions
Problem 8QAP
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