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Use the version of Wagstaff's 'four-quadrant diagram' representation of the Grossman Model introduced in Topic 2 to explain the predicted effects of an increase in

Use the version of Wagstaff's 'four-quadrant diagram' representation of the Grossman Model introduced in Topic 2 to explain the predicted effects of an increase in income on an individual's health. (15 marks, 100 words)

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