Elucidate how scarcity of resources influences this market

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Write a no more than 700-word paper about the market for a health care good or service (such as blood or organ donation or nursing care facilities) covering the following items:

Elucidate how scarcity of resources influences this market and describe the choices stakeholders are forced to make.

Describe the economic flows that might affect this health care market.

What are some causes of change in supply and demand and how do they affect equilibrium price and quantity?

Are the pricing decisions for this market elastic or inelastic? How does that affect the decisions?

Reference no: EM1354689

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