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. 2013 Dec 5;49(3):878–892. doi: 10.1111/1475-6773.12131

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.