Describe a change in the industry in which hospitals operate

Reference no: EM133552728

Question: Using shifts in supply-and-demand curves, describe a change in the industry in which hospitals operate. The change may arise from a change in costs, entry/ exit of firms, a change in consumer tastes, a change in the macroeconomy, a change in interest rates, or a change in exchange rates. Label the axes, and state the geographic, product, and time dimensions of the demand-and-supply curves you are drawing. Explain what happened to industry price and quantity by making specific references to the demand-and-supply curves. If more than one change occurred, then de-compose the change into smaller pieces so that your explanation has a step-by-step character to it. (Hint and warning: Demand-and-supply curves are used at the industry level, not at the firm level.) Describe how your company could profitably use the analysis.

Reference no: EM133552728

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