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Both the supply side and the demand side of medical technology are elastic.
As soon as a new technology is available, or if there is a price reduction, increased demand will lead to an increased supply.
At base, most medical technologies are simple, and do not use exotic materials, - the availability of supplies is almost unlimited.
And on the demand side, there is an almost unlimited demand for various technologies (consider cochlear implants), as soon as there is a technological or a price improvement, the demand will increase.
What else can I help you with?
What are application of information technology in medical science?
Uses of information technology in medical field include storing files, data analysis, and medical testing. Information technology is also used for communication and security.
Which area of technology best classifies tv?
medical
What is elastic and inelastic internet traffic?
Elastic traffic: -adjust its throughput between end hosts in response to network condition. - Generally TCP-based application (HTTP,STMP,FTP) - Principle form of feedback: packet loss caused by network load/congestion, causing TCP to implements its congestion avoidance algorithm and reduce the rate at which packets are sent over the network -TCP traffic is considered to be "network friendly" Inelastic traffic: - does not adjust its throughput in response to network conditions - generally real-time multimedia (audio streaming, video,VoIP)
What factors and conditions in society propelled the emergence and growth of science and technology?
the medical conditions of a human body is one, lifestyle...
Who will hire a person that has a associates degree in surgical technology but a felony on their record?
No one in the medical field who deals with the treatment of patients can hire a felon. It is possible that you could find work in the medical equipment field.
Is the price and demand for junk food elastic or inelastic?
elastic
What will be the total higher quantity do in the elastic inelastic and unit-elastic?
The midpoint between elastic and inelastic is unit elastic
Is supply for bar soap inelastic or elastic?
is soap elastic or inelastic supply
Is a BMW an elastic or inelastic?
elastic
Is salt an elastic or inelastic product?
Inelastic
How do you determine if a collision was elastic inelastic or perfectly inelastic?
just check momentum before and after and if they're the same then elastic if not then inelastic.
Difference between elastic and inelastic demand?
difference between elastic and inelastic demand
Is fruit elastic or inelastic demand?
elastic
Demand for wine is elastic or inelastic?
Highly elastic.
Is the NHS as a service price elastic or inelastic?
elastic
What are the differences between an elastic and inelastic item?
An elastic item benefits from price decreases whereas an inelastic item does not.
Demand and its types?
Perfectly inelastic demand, perfectly elastic demand, elastic demand, inelastic demand etc.
