Explain why is the supply of physicians is a major cause

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Q. Suppose the gov sets a celing on rents of $600 per month. What is the quintity of aprtments demaneded, and what is the quanitity of apartments supplied?

Q. a. Explain why is the supply of physicians a major cause of concern?
b. In theory, how would you expect the supply of physicians to affect price and quantity demanded of medical services provided and physicians' incomes? Use demand and supply graphs to explain this.

C. what is the empirical evidence of this?

Reference no: EM1346795

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