BenS sent me this:
Two patients limp into two different medical clinicsOf course if this had happened in Canada, the senior citizen would still be waiting...
with the same complaint:
Both have trouble walking
and appear to require a hip replacement.
The first patient is examined within the hour, is
x-rayed the same day and has a time booked for
surgery the following week.
The second sees his family doctor after waiting a
week for an appointment, then waits eight weeks to see a
specialist, then gets an x-ray, which isn't reviewed
for another week, and finally has his surgery
scheduled for six weeks from then.
Why the different treatment for the two patients?
The first is a golden retriever.
The second is a senior citizen.
Update: Former student, Mike Moffat has some issues with this, but I disagreed with him in the comments to his posting. He extrapolates from one scenario to claim that the price elasticity of demand is low, and he implicitly assumes a low price elasticity of supply.