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Careforall, The mayor of sickcity, claimed that his residents are very elastic and highly sensitive when the price of preventative care changes but not so

Careforall, The mayor of sickcity, claimed that his residents are very elastic and highly sensitive when the price of preventative care changes but not so sensitive when the price of inpatient care changes. To prove her point she refered back to the RAND studies. She claimed that the results of a replicated study in her town are shown below

PlanAverage # of preventative care visitsAverage # of inpatient visits

Free3.2 0.126

25%2.54 0.122

50%2.10

0.118

Find the price elasticity between 25% and 50% for preventative care in Sickcity. Round to 3 digits after the decimal

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