Question: I need help with the information, as it relates directly to A DENTAL OFFICE detailing how the demand for your product(s) is impacted by various

I need help with the information, as it relates directly to A DENTAL OFFICE

detailing how the demand for your product(s) is impacted by various economic factors.

  1. Describe a product or service your company provides to your patients
  2. Evaluate the demand curve for your product (preventative dental care) and the relationship between the price of your service/product and the quantity demanded.

In this evaluation, be sure to identify:

  • whether demand is sensitive (e.g. elastic) or less sensitive (e.g. inelastic) to changes in the price and
  • evaluate why this relationship might occur.
  • include a discussion of how the existence of health insurance would impact the elasticity of demand.
  1. Define "substitute" goods and identify potential substitutes for your product/service. Evaluate how does the existence of a substitute impact the demand for your product/service.
  2. Define "complement" goods and identify potential complements for your product/service. Evaluate how does the existence of complement goods impact the demand for your product/service.
  3. Identify and discuss the economic factors that might lead to a shift in the demand curve for your product/service?

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