Table 2.
Decomposition of Variation in Spending
| Price | Quantity | |
|---|---|---|
| Bottom quintile HRRs in terms of spending | 0.83 | 3,513 |
| Top quintile HRRs in terms of spending | 1.19 | 3,470 |
Price and quantity are estimated for the top and bottom quintile HRRs in terms of spending. Both price and spending are adjusted for input prices. This demonstrates that price is far more variable than quantity.