Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Is Dental Care Becoming an Inferior Good? A british health minister once claimed that the demand for health care is infinite because everyone is in

Is Dental Care Becoming an Inferior Good?

A british health minister once claimed that the demand for health care is infinite because everyone is in a losing battle against death. This is not so for American dentistry, however. As aggregate US income levels have risen during the last 25 years, overall spending on dental care services has declined.

It isn't that fewer Americans are seeing dentists each year. They just no not require as many fillings or extractions. As income rose, people purchased more expensive and effective toothpastes. More towns, cities, and counties began to fluoridate their water as the relative price of this anticavity agent declined, so changing relative prices have played a role. The higher incomes of their residents have permitted more municpalities to purchase flouridation systems. At every age, the average American now has two more teeth than 25 years ago.

For Critical Analysis:

Many fledgling dentists have begun specializing in "cosmetic dentistry" desired by clients with healthy but less than beautiful teeth. Compared to traditional dental care services, is cosmetic dentistry more or less likely to be a normal good?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Reporting And Analysis

Authors: Lawrence Revsine, Daniel Collins

5th Edition

0078110866, 978-0078110863

More Books

Students also viewed these Economics questions