Please read, this discussion request it was written by a professor at the university. please do not reply with I need more information.

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Imagine a situation where consumers have incomplete information about their health status and about the productivity of medical care. Examine the roles of the principal and the agent in helping consumers to determine the Demand for medical care in the described situation. Provide at least one detailed example of such roles in action to support your response.

detail information below.

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HSA 510: Health Economics

WEEK 2 DISCUSSION 1

Summer 2020

Strayer University

Health Demand, Elasticity, Principle, and Agent in Determining Demand for Medical Care

Please respond to the following:

From the Discussion Preparation, compare the primary individual factors that influence Demand, and explain the significant ways in which each affects the demand curve. Provide at least one example of these factors to support your rationale.

Imagine a situation where consumers have incomplete information about their health status and about the productivity of medical care. Examine the roles of the principal and the agent in helping consumers to determine the Demand for medical care in the described situation. Provide at least one detailed example of such roles in action to support your response.