(Answered):Question Listed Below 1 . . . .

Question Description

Respond to the question below that has been assigned to you (see this week’s announcement for assignments) by this Thursday and then respond to TWO of your classmates responses (in an area different than your initial response) by Sunday. Please try not to replicate other’s responses and include the topic you are responding to at the beginning of your post.

1. What exactly is the law of demand? Why does the demand curve generally slope downward?

1. Explain the price elasticity of demand? Why is this important when looking at the demand for health care?
2. What does it mean if a good has
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