TABLE 2.

Implied Pharmaceutical Price Elasticities

	a	b	c	d	e	f	g	h	i
	Estimated Pharmaceutical Expenditures				Pct. Δ in Pharm. Expend.		Implied Elasticities
	Low	High	Pct. Δ in Price Change	Δ in Pharm. Expend. (Table 1) Change	Low	High	Low	High	Mean
MC1	22.15	25.63	133.33	−10.20	−46.05	−39.80	−0.345	−0.298	−0.322
MC2	22.15	24.68	133.33	−11.07	−49.98	−44.86	−0.375	−0.336	−0.356
MC3	22.15	24.09	133.33	−8.58	−38.74	−35.61	−0.291	−0.267	−0.279