C. Jill Stowe

Nov 13, 2024 | avmajournals.avma.org | Olivia Gibson |Shuoli Zhao |Emma Adam |C. Jill Stowe

Keywords: equine veterinary services; price elasticity of demand; veterinary practice profitability; stated preferences; willingness to payIntroductionOne of the fundamental principles of economics is the law of demand, which states that when the price of a good or service increases, the quantity demanded decreases. However, the magnitude of this decrease can vary significantly depending on the product or service in question.