1. The Market for Home Care Services. (15 points)

For this question, provide citation to support your answers in b-e

1. Draw a basic demand and supply graph for home care services, Identify the equilibrium price and quantity. Label them P*and Q* respectively
2. Retirements drive up the wages of home care workers. How would the graph change? How would P* and Q * change?
3. Improved technology lets home care workers monitor use of medications without going to clients' homes. How would the graph change? How would P* an Q* change?
4. The number of people needing home care services increases. How would the graph change? How would P* an Q* change?
5. A change in Medicare rules expands coverage for home care services, How would the graph change? How would P* an Q* change?

(Note: a, b, c, d, and e. above must have a separate graph each.)