Suppose you are collecting data from a country like Japan where the government sets the price of health care. Each prefecture in Japan has a different set of prices (for example, Tokyo has higher prices than rural Hokkaido). Data for 1999 is displayed below: Region Tokyo Hokkaido Outpatient visits 1.75/month 1.5/month Price/visit 25¥ 15¥ A) What is the arc price elasticity of demand for health care consumers in Japan (using only this data)? B) Using your estimated elasticity, what would the demand for health care be if the price in Tokyo were raised to 37.5 ¥ per visit? What would the demand in Hokkaido be if the price were lowered to 7.5 ¥ per visit?

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