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In September of 2019General Motorswas negotiating with the United Auto Workers over a new contract.One area of contention is the share of health care costs

In September of 2019General Motorswas negotiating with the United Auto Workers over a new contract.One area of contention is the share of health care costs employees pay.At that time employees paidabout 5% of total costs for health care and GMwasproposing increasing that to 15%.Given the following different assumptions as to the employee's price elasticity of demand for health care compute the change in total health care expenditures that would likely occur.(This is similar to the one from the textbook I posted about.)

a.-.10

b.-.25

c.-1.2

d.-1.0

e.-2.5

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