Predict the impact on the supply and/or demand for physiotherapy services in each of the situations described
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 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.
-Physiotherapy professional associations significantly raise their entrance standards.
-An aging population incurs more muscle and joint injuries that require physiotherapy treatments.
-Events b. and c. occur simultaneously.
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello