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Using a supply-and-detnand graph, show and explain the following effects.
a. The effect of liberalized immigration laws in the US. on the equilibrium market price and quantity for healthcare. Assume that the liberalized immigration laws lead to: (i) a substantial number of highly trained physicians and nurses entering the us. and (ii) a substantial number of low-income individuals who had not previously received adequate healthcare in their home country entering the US.
b. The effect of a state preventing nurse practitioners from offering of?ce visits on the equilibrium market price and quantity for of?ce visits with physicians.
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