Question
The demand for medical care is more complex than the demand for many other goods. We discussed last week why the traditional economic models of
The demand for medical care is more complex than the demand for many other goods. We discussed last week why the traditional economic models of supply and demand are complicated and don't alway function when it comes to healthcare.
With that in mind answer the following questions from an economic perspective - specifically considering "demand."
Why is the demand for healthcare more complex than the demand for other goods?
Should healthcare be free? (discuss this as much as possible from an economic perspective - considering economic principles and specifically demand theory). Although it is fine to mention your own opinion and moral arguments, we want to focus on economic principles and considerations.
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