Explain the factors that may cause shortages of physicians in rural areas. Explain what types of policies might encourage physicians to move to rural areas and reduce the shortage.
Explain the factors that may cause shortages of physicians in rural areas. Explain what types of policies might encourage physicians to move to rural areas and reduce the shortage.
Chapter8: Managed Care
Section: Chapter Questions
Problem 2QAP
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Explain the factors that may cause shortages of physicians in rural areas. Explain what types of policies might encourage physicians to move to rural areas and reduce the shortage.
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Step 1
Equilibrium represents the state of stability at which the demand and supply are the same. At the equilibrium point, market has no shortages or surplus. Shortages arise in the market when the quantity demanded is more than the quantity supplied. Surplus arises in the market when the quantity supplied is more than the quantity demanded.
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