Equilibrium market price and quantity for health care

Reference no: EM13687603

Using a demand-and-supply graph, show and describe the effect on equilibrium market price and quantity for health care of the following:

1. Increased graduations of new doctors on the market for physicians.

2. A price ceiling placed on physicians fees in the market for physician services.

3. The virtual elimination of smoking in the population on the market for hospital services.

4. A technological change that reduces the cost of producing X-rays on the market for physician clinic services.

Reference no: EM13687603

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