PBHE315 Forum Week 3

Please answer the following questions regarding demand for health care.  In your own words use utility analysis to explain why people demand health. How does the Law of Diminishing Marginal Utility fit into the analysis?  How would you expect the price elasticity of demand for medical care to vary with health status? Give a specific example. 

ONLY 250-300 words please, excluding sources. No formal formatting. Thanks!

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