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Look at the graph below, the original demand curve for XYZ hospital health services was D1. At P1, the volume of health services was Q1,
Look at the graph below, the original demand curve for XYZ hospital health services was D1. At P1, the volume of health services was Q1, point A. Now, XYZ hospital increased the quality of service by adding some new medical equipments. If charging no change, which point will be the demand? Quantity 0 Point C, demand curve shifting to D2. Point B, there is a movement along demand curve. 0 Uncertain, lacking of necessary information A clinic had an upward-sloping supply curve, 51. This year, the wage rates for the clinic nursing staff increase, then, what will happen? Price Quantity 0 The supply curve will shift to 52, decrease! The supply curve will shift to 52, increase! O Uncertain, lacking of necessary information. Look at the graph below, and choose the correct explanation about the relationship between the slope and elasticity. (Hint: Remember the rule, "the flatter, the more elastic".) A. B. 3.00 2.90 C Price (dollars) 2.80 D 9.8 10 10.2 10.4 Output (thousands of units) O AD is more elastic, because its slope is steeper than BC O AD is more inelastic, because its slope is steeper than BC O Can not decide
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