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Analyze the changes in the demand for medical care for change in income, insurance coverage, aging and a fall in out-of-pocket cost.

describe how an individual's Demand curve for medical care will change (i.e. shift) if the subsequent things happen (consider each change individually, holding all other possible influences constant. Draw the Demand curve and illustrate each change):

a) Income increase

b) Lose insurance coverage

c) Aging

d) You obtain more comprehensive insurance such which your out-of-pocket cost per doctor's visit is lower

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M917501

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