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https://www.google.com/search?q=1. You estimate that the price elasticity of demand for Clinic visits is -0.25. You anticipate that a BCBS will increase the co payment form

https://www.google.com/search?q=1. You estimate that the price elasticity of demand for Clinic visits is -0.25. You anticipate that a BCBS will increase the co payment form $20 to $25. BCBS covers 40,000 of your patients, and these patients average 2.5 visits per year. What is your forecast of the change in the number of visits? 1) An increase in the copay from $20 to $25 represents a ____ percent increase in the price consumers pay. 2) Therefore, you anticipate a ____ percent drop in visits. 3) So, you anticipate that visits will fall from 100,000 to ____ for this group of patients

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