Question
1.Use graphs to illustrate how the following changes would affect the demand curve for inpatientservices at a hospital in a large city. A. Average real
1.Use graphs to illustrate how the following changes would affect the demand curve for inpatientservices at a hospital in a large city.
A. Average real income in the community decreases
.B. In an attempt to cut costs, the largest employer in the area moves from a 20%coinsurance plan for employee health coverage to a high deductible plan
.C. The hospital relocates from the center of the city, where a majority of the people live,to a suburb.
D. A number of new outpatient surgery centers are built around the area; the cross-priceelasticity of demand between outpatient services and inpatient hospital services is 0.60
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