apan has a different set of prices (for example, Tokyo has higher prices than rural Hokkaido). Data for 1999 is displayed in Table 2.12. Table 2.12. Outpatient utilization in Tokyo and Hokkaido, 1999. Region Outpatient Visits Price/Visit Tokyo 1.25/month 20 Japenese Yen
apan has a different set of prices (for example, Tokyo has higher prices than rural Hokkaido). Data for 1999 is displayed in Table 2.12. Table 2.12. Outpatient utilization in Tokyo and Hokkaido, 1999. Region Outpatient Visits Price/Visit Tokyo 1.25/month 20 Japenese Yen
Chapter8: Managed Care
Section: Chapter Questions
Problem 2QAP
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Question
Suppose you are collecting data from a country like Japan where the government sets the price of health care. Each prefecture in Japan has a different set of prices (for example, Tokyo has higher prices than rural Hokkaido). Data for 1999 is displayed in Table 2.12.
Table 2.12. Outpatient utilization in Tokyo and Hokkaido, 1999.
Region | Outpatient Visits | Price/Visit |
Tokyo | 1.25/month | 20 Japenese Yen |
Hokkaido | 1.5/month | 10 Japanese Yen |
What is the arc price elasticity ofdemand for health care consumers in Japan (using only this data)?
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