Write about the market for a health care good or service,
Write about the market for a health care good or service,
• Write about the market for a health care good or service, suchas blood or organ donation or nursing care facilities, addressingthe following items:
o Identify the various stakeholders in this market.
o Generally, explain how resource scarcity influences thismarket.
o In light of such scarcity, describe choices stakeholders mustmake.
o Describe economic forces (supply, demand, governmentpolicy) that affect the health care market.
o Are the pricing decisions for this market elastic or inelastic?How does that affect the decisions?
o What are some causes of change in supply and demand? How do theyaffect equilibrium price and quantity?
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