Suppose the government imposes a system of price ceilings in the health care industry as part of an overall health care reform bill. a) draw a graph of the health care market and show equilibrium price and quantity.  b) assume the government imposes an effective price ceiling in the health care market. Show the price ceiling in your graph. Indicate what will happen to quantity demanded and quantity supplied of health over time ? c) would a shortage or surplus result ? I llustrate in your graph.

list and describe various economic and societal factors that affect demand and pricing for health care services in today's market

Figure 2 - 4 Graph (a) Graph (b) Panel A. The origin of the axis system is at (0, 0). The curve starts on the Coffee axis at the maximum feasible value, then descends in a concave downward arc to the maximum feasible value for donuts on the Donuts axis. Representative points are as follow. (0, 6), (1, 5.25), (2, 4), (3, 2.3), (4, 0). Five points, J, K, L, M, and N, are plotted as follows. Point J is at the maximum feasible value for coffee, (0, 6). Point K is inisde the production possibilities frontier at (1, 4). Point L is on the production possibilities frontier at (2, 4). Point M is at the maximum feasible value for donuts, (4, 0). Point N is outside the production possibilities frontier at (4, 2). Panel B. The origin of the axis system is at (0, 0). The curve starts on the Coffee axis at the maximum feasible value, then descends in a concave downward arc to the maximum feasible value for donuts on the Donuts axis. Representative points are as follow. (0, 6), (1, 5.5), (2, 4.8),…

What Social Determinant of Health is the most important in determining better health and health outcomes?