Summarize an article that implies an assumption about price elasticity of demand or supply or that implies an assumption about income elasticity. The article can come from an online newspaper or magazine. A link to the article must be included with your summary remarks. Summarize what the article is about in general, followed by a paragraph or two explaining how elasticity is implied.
In this article Getzen talks about the main determinants of healthcare spending. Most of the variations of spending are generally related to the proportion of elderly people but since the proportion of elderly does not vary much across OECD countries, we need to search other possible reasons. Getzen found that income level and GDP are also correlated with healthcare spending and most of the ...
An article that implies an assumption about price elasticity of demand or supply is presented.