The elasticity of the demand curve

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What can you say about the elasticity of the demand curve that faces the product (or service) produced by healthcare organization? Is it inelastic, elastic, unit elastic? Why? How much does healthcare rely on advertising? What do you think will be the impact of an increase in advertising expenditures by a hospital on the elasticity of the demand curve that your firm faces? Why?

Reference no: EM1335295

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