Relative Price Effect

Definition

Health Economics

  • The movement over time of a specific price index (e.g. one for health care, or expenditure on physician services) relative to a general price index such as the GDP deflator. Alternatively, the consequences of a change in one price relative to another or to the price of a bundle of other goods and services.
http://www.dictionarycentral.com/definition/relative-price-effect.html