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Michael Grossman was the first to view health as a choice variable, and view demand for health care as a result of the demand for
Michael Grossman was the first to view health as a choice variable, and view demand for health care as a result of the demand for "good health." a. What are the TWO motives for why individuals demand health? Explain each of the motives briefly. (4 marks) b. Define "Health Stock" and explain how age and wage variables affect the equilibrium of health stock. (6 marks) You can answer each questions in point form pls
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