a
perfectly elastic
b
perfectly inelastic
c
fairly inelastic
d
fairly elastic
Explanation
Correct Option
bNo explanation available
Video Explanation
No video available
Post your Contribution
Share:
Discussions (1)

Iember_codes
3 years ago

Option B is totally wrong because it implies that no matter change in price of medical services the supply of medical doctors will remain constant.
The correct answer is C fairly inelastic because it implies that a change in price of medical services will cause a less significant change in supply of medical doctors because it takes years to study medicine and so ot is a matter of time and a doctor who spent about 5-6 years won't just change in career because of a little change and one from another profession would not decide to spend an additional 5-6 years studying medicine because of a change in medical services

