If the demand for health care services increases – say due to the expansion of Medicaid,...

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If the demand for health care services increases – say due to the expansion of Medicaid,...

If the demand for health care services increases – say due to the expansion of Medicaid, describe what will happen in the market for health care services? Use the demand and supply model.

business economics

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Answer 1

Answer #1

Ans) Due to increase in demand for health care services , demand curve will shift to the right and both price and quantity will increase.

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Answer 2

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If the demand for health care services increases – say due to the expansion of Medicaid,...