24. Interpret the following elasticity: The price elasticity of demand for outpatient visits is -1.00. This means that:

Group of answer choices

a. If the price of outpatient visits increases by 10%, the quantity demanded of outpatient visits will increase by 10%.

b. If the price of outpatient visits increases by 10%, the quantity demanded of outpatient visits will fall by 10%.

c. If the price of outpatient visits increases by 10%, the quantity demanded of outpatient visits will fall by < 10%.

d. If the price of outpatient visits increases by 10%, the quantity demanded of outpatient visits will increase by < 10%.

e. None of the above.