Taubman et al., (2014) used data collected in the Portland, Medicaid on emergency department (ED) use. The figure below shows the percent of respondents who have been to the ED at all (left hand side of the figure) and the average number of ED visits (right hand side of the figure). The dark blue bars represent the mean for the control group, and the light blue bars add in the "Medicaid" effect found in the paper. The black "capped" bar represents the confidence interval for the Medicaid effect. Percent with Any Visits 50 40 30- 20 10- 0 Any O O O Any and Total ED Use Emergency Department Data Number Control Mean Control Mean plus Medicaid Effect Ci for Medicaid Effect The results above imply that the price elasticity of demand for emergency department use is Number of Visits perfectly inelastic not perfectly inelastic perfectly elastic

Taubman et al., (2014) used data collected in the Portland, Medicaid on emergency department (ED) use. The figure below shows the percent of respondents who have been to the ED at all (left hand side of the figure) and the average number of ED visits (right hand side of the figure). The dark blue bars represent the mean for the control group, and the light blue bars add in the "Medicaid" effect found in the paper. The black "capped" bar represents the confidence interval for the Medicaid effect. Percent with Any Visits 50 40 30- 20 10- 0 Any O O O Any and Total ED Use Emergency Department Data Number Control Mean Control Mean plus Medicaid Effect Ci for Medicaid Effect The results above imply that the price elasticity of demand for emergency department use is Number of Visits perfectly inelastic not perfectly inelastic perfectly elastic

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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