Question: 1 0 . Let's suppose that the demand for allergists increases in California. How does the invisible hand respond to this demand? There may be

10 .

Let's suppose that the demand for allergists increases in California. How does the invisible hand respond to this demand? There may be more than one response.

New people could enter medical school, specialize in allergy, and move to California.

Allergists in California could simply enjoy an increase in prices for their services for as long as the bump in demand lasts.

Allergists from other states

(

or countries

)

could move to California.

Surgeons, hematologists, and other doctors in California could switch over to allergy after some retraining.

California introduces price controls to ensure that everyone who needs access to allergy care receives it despite the increased demand.

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