Wednesday, May 28, 2014

econ review question 6



sticking with imaging from yesterday, now disaggregate present (today) demand for imaging into any two (or more if you’d like) subcategories of imaging (e.g., MR vs. x-ray, or vs. ultrasound, CT, whatever).  what would these curves look like?  if they are different, why?

add supply curves and tell a story of equilibrium prices for each category.

what makes the supply curves different from each other?

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