1. Why are elasticities useful for managers? 2. Why are price elasticities of demand called…

1. Why are resilientities suited for managers?

2.  Why are appraisement resilientities of claim called “elastic” or “inelastic” when other resilientities are not?

3.  Why is the claim for healthcare products usually inflexible?

4. Why is the claim for an individual firm’s healthcare products usually resilient?