Explain, with the aid of a graph, how a negative research finding about the impact of homemade masks on peoples’ health will affect the demand for homemade masks
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- Draw a graph showing how demand for medical care changes under health insurance where the insurance policy pays a % of costs. What happens to demand elasticity? Amount purchased at any price? What does this say about the effect of health insurance on individual vs. social “perceptions” of health care cost and benefit?How can we use the Supply-Demand model to predict what is likely to happen to the price of alcohol in the future ?Draw a correctly labeled graph showing the demand for apples. On your graph, illustrate what happens to the demand for apples if a new report from the Surgeon General finds that an apple a day really does keep the doctor away.
- Explain how the opioid epidemic could be ia supply problem caused by the oversupply of prescription pain meds, drug traffickers and illegal drug manufacturers. Draw a graph.With the help of appropriate diagrams, explain how each of these situations will affect the demand curve for inpatients service at a hospital in a large city: Average real income in the community increases.Which of the following price-quantity data would be part of the demand curve derived from the graph below? $ of income per week $1,000 $800 $600 30 35 40 Oprice = 100, quantity = 30 price 100, quantity = 40 Oprice = 40, quantity = 60 price 10, quantity 30 = = I₁ 60 12 80 13 U3 U₂ - U₁ 100 Quantity of x
- A website offers a place for people to buy and sell emeralds, but information about emeralds can be quite imperfect. The website then enacts a rule that all sellers in the market must pay for two independent examinations of their emerald, which are available to the customer for inspection. a. How would you expect this improved information to affect demand for emeralds on this website? b. How would you expect this improved information to affect the quantity of high-quality emeralds sold on the website?When focusing on Uber, what are some reasons that the demand curves may be constantly shifting? Give a specific example of something that would be moving the demand curve and how it moves it.(i.e weather,....)Economists in Champaign have been studying the local market for pizza. The market is described in the graph: Market for Pizza 12 11.3 10.8 10 9.7 9. 8.7 7.9 8.1 6.35 5.9 4.4 4.2 3 2.2 2.3 1.6 0.6 446 479 500 526 549 568 602 637 Quantity Some research by the local university shows that eating pizza improves health in several ways. The local government decides to subsidize pizza consumption by paying $2 of every pizza sold(essentially a negative tax of $2). How much will the government spend with the subsidy? Price
- Please answer the following questions thoroughly: Some argue that the price elasticity of demand can be used to determine whether a good or service is a luxury or a necessity. In medical care, a procedure with an elastic demand would be considered optional, or elective, and a procedure with an inelastic demand would be a medical necessity. 1) Should planners use price elasticity of demand as a guide to defining services that are medically necessary? 2) What are the advantages of such a classification scheme? 3) What are the drawbacks?Determine how each of the following factors would shift the demand curve for chiropractic visits and justify your answer: An increase in the out-of-pocket price of chiropractic visits An increase in back problems in the population A reduction in the out-of-pocket price for chiropractic visits. An increase in the out-of-pocket price for back surgery (a substitute for chiropractic services)? An aging of the population? A reduction in the price of radiographs (a complement to chiropractic services) An advertising campaign that makes people more aware of the benefits of chiropractic care.With the help of appropriate diagrams, explain how each of these situations will affect the demand curve for inpatients service at a hospital in a large city: In an attempt to cut costs, the largest employer in the area increases the coinsurance rate for employee health care coverage from 10 percent to 20 percent. image provided is from my note and how the curve should be.. and it should be anti clockwise
