Reference no: EM131414339

Use a graph to illustrate how the following changes would affect the demand curve for inpatient services at a hospital in a large city. A.Average real income in the community increases B.In an attempt to cut costs , the largest employer in the area increases the coinsurance rate for employee healthcare coverage from 10 percent to 20 percent. C.The hospital relocates from the center of the city, where a majority of the people live, to a suburb. D.A number of physicians in the area join together and open up discount price walk-in clinic; the price elasticity of demand between physician services and inpatient hospital services is -.50