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Consider the market for dental services. Using a supply and demand diagram and assuming competitive market, show and explain the effect on equilibrium fee and
Consider the market for dental services. Using a supply and demand diagram and assuming competitive market, show and explain the effect on equilibrium fee and clinic visits of each of the following: a. A technological change that reduces the cost of producing X-rays. b. Increased graduation of new dentists. c. Virtual elimination of smoking in population. d. Iicensing requirements for new dentists. e. A ceiling on dental fee.
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