Analyze the impact of an increase in consumer income

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Suppose the supply curve of medical services is perfectly inelastic. Analyze the impact of an increase in consumer income on the market price and quality of medical services. Next, assume the demand for the medical services is perfectly inelastic while the supply cure is upward sloping. Explin the impact of an increase i iput prices on the market price and qality of medical services. The answer should use good grammar and be approximately 400 words in length.

Reference no: EM131197003

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