USE A GRAPH to illustrate how the following changes would affect the demand curve for inpatient services
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Question:
USE A GRAPH to illustrate how the following changes would affect the demand curve for inpatient services at a hospital in a large city.
Average real income in the community increases
In an attempt to cut costs, the largest employer in the area increases the coinsurance rate for employee health coverage from 10 percent to 20 percent.
The hospital relocates from the center of the city, where a majority of the people live, to a suburb.
A number of physicians in the area join together and open up discount price walk-in clinic; the price elasticity of demand between physician services and inpatient hospital services is -.50
Related Book For
Microeconomics Theory and Applications with Calculus
ISBN: 978-0133019933
3rd edition
Authors: Jeffrey M. Perloff
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