Question

what are some of the factors that have caused the quantity of newly trained nurses demanded to tend to exceed the quantity of newly nurses supplied?

Answer 1

1. Increase in supply. With the increase in quantity of newly trained nurses the supply increases, which reduces the wages thereby increasing the quantity demanded than quantity being supplied

2. Aging population: With the increase in aging population the health care needs are increasing which increase the quantity demanded than quantity supplied at the prevailing wages