Wednesday, May 28, 2014

econ review question 5



we’ve been talking about the Missions and baseball, but let’s apply yesterday’s question now to health care.

first, draw the demand curve for imaging services today.  then draw the demand curve for imaging services 50 years ago (based on your knowledge of technology – no need to do research – make some assumptions and roll with it).

are these curves different?  why?  what has changed to make them different?  you should have several reasons.

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