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1. Consider the market for Colonoscopy at the beginning of 2019(15 points) a. Show the changes using a standard diagram. i. An increase in
1. Consider the market for Colonoscopy at the beginning of 2019(15 points) a. Show the changes using a standard diagram. i. An increase in the number of people turning age 50 this year. ii. A decrease in the price of colonoscopy. iii. A change in the expectations that price of colonoscopy will go up in July iv. A change in technology that makes it more costly to do colonoscopies. v. Medicare stops covering colonoscopies.
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