Canada is providing to all Canadians healthcare that is funded by tax it is collecting All medical practices are currently being paid by the government. Assume that the government has made a decision to privatize the entire system so all care provided will be paid directly by those who use it. For example: if you need a surgery, you will pay the surgeon directly based on his fee, Assume that Tax breaks will be given to all Canadians (you can decide how they are structured) for the savings the government is making. Please explain what will be the economic implications of such a change: discuss the economic implication of the tax reduction, and how will the new reality affect Canadians and the overall economy ? ? Include all economic modes and concepts: Demand/ Suppy Economic problems Elasticity Measures of economic activity Economic fluctuations Fiscal policy Perfect competition Economic welfare and income distribution Monetary policy Money Inflation and unemployment