What will the resulting quantities demanded and supplied

Reference no: EM13191112

The equilibrium price for physiotherapy visits is $30 and the quantity utilized is 150 visits as a result of the demand and supply conditions in this diagram. The state legislature is concerned that the current price does not give the physiotherapist enough incentive to produce a high volume of services. A proposal has been made to increase the price paid by the consumers to the suppliers to $40. What will the resulting quantities demanded and supplied and the resulting utilization be?

Reference no: EM13191112

Questions Cloud

Define the normal boiling point of the liquid : The normal boiling point of the liquid is 425 K. Liquid, X, and Y are all in equilibrium at 342 K and 1800 bar. Tc = 571K, Pc= 46 bar

What would you have done to test the validity : What specific kinds of research, testing, or surveying might you have performed if you were the decision maker in a similar situation in the future What, if anything, would you do differently about the assumptions being made.

Define solution at boiling water temperature : what is the color of cocl2 (aq) solution at boiling water temperature? And in which direction did the equilibrium shift upon

Compute the entropy of fusion of a compound : Calculate the entropy of fusion of a compound at 20 oC given that enthalpy of fusion is 45 kJ/mol at its melting point of 162 oC and Cp of liquid

What will the resulting quantities demanded and supplied : The equilibrium price for physiotherapy visits is $30 and the quantity utilized is 150 visits as a result of the demand and supply conditions in this diagram. The state legislature is concerned that the current price does not give the physiotherap..

Compute the entropy of unfolding of lysozyme : Calculate the entropy of unfolding of lysozyme at 25 oC, given that the difference in PCof unfolding is 6.28 kJ/mol/K at both 25 oC and 75 oC. Hint: consider a path of 25 oC (folded)?75.5 oC(folded) ?75.5 oC(unfolded) ?25 oC(unfolded).

Define where is the new equilibrium price : in the middle of the decade , the party was over, and coffee wholesale prices started increasing because of some shortages caused by weather and the rising overall market prices again. Where is the new equilibrium price

Define evaluate reversibility of a process : Evaluate reversibility of a process where an ideal monoatomic gas is first slowly compressed 10-fold by a gradually increasing external pressure (gas remains in thermal equilibrium with the surroundings)

Describe the research of two ethical approaches : research two ethical approaches: virtue ethics (value) and deontology (principle) and apply these theoretical perspectives to ethical dilemma that leaders and/or managers at ECG (Expert Consulting Group) may encounter when providing consulting ser..

User Account

All Pages