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!