Emergency room health care tends to have a demand curve that is very steeply sloped, while elective surgery does not. Why? Also, health care insurance and vacation spending tend to have a negative cross price elasticity of demand for many people. Why?
Economics - Financial Markets
Stacey Warren - Expert brainly.com
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There are no substitutes to an emergency, it is an inelastic product. No matter if the price increased or decreases consumers continue to purchase health care, or for emergency room fees. The slope is steep due to the inability to find alternatives to emergency rooms other than risking your own life.
Elective surgery is subjective. No one is holding a gun to consumers head and forcing them to have surgery, it can be substituted. Alternatives could be therapy or natural medicine, which creates a competitive market, and different demand slopes as well as a variety ppf's.