Question: Predict the impact on the supply and/or demand for physiotherapy services in each of the situations described below. In each case, draw a graph that
Predict the impact on the supply and/or demand for physiotherapy services in each of the situations described below. In each case, draw a graph that includes an original supply and demand curve as well as the new, predicted supply or demand curve. Note: You are not required to submit the graphs; however, you must indicate the supply and/or demand curve shifts, the direction of each shift, and the predicted changes in equilibrium price and quantity (increase, decrease, or indeterminate).
- Physiotherapy services are covered less generously by provincial health plans than previously. 2 marks
- Physiotherapy professional associations significantly raise their entrance standards. 2 marks
- An aging population incurs more muscle and joint injuries that require physiotherapy treatments. 2 marks
- Events b. and c. occur simultaneously. 2 marks (this not right - redo when possible)
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