Appendix Chapter 4: Applying Supply and Demand Analysis to Health Care
What does the demand curve for health care look like? It is downward sloping just as there is for other goods and services What does the supply curve for health care look like? It is upward sloping just like the supply for other goods and services
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Appendix Chapter 4 Applying Supply and Demand Analysis to Health Care©2000 South-Western College Publishing1What does the demand curve for health care look like?It is downward sloping just as there is for other goods and services2What does the supply curve for health care look like?It is upward sloping just like the supply for other goods and services 3P2Q1SThe Supply & Demand for Health CarePQP1P3Q2Copayment QDACB4What is the copayment rate?The percentage of the cost of services consumers pay out of pocket5What effect does the copayment rate have on the quantity of health care demanded?It increases the quantity demanded because people pay on average only 20% of the cost6What can cause shifts in the demand for health care? A change in ...Number of buyersTastes and preferencesIncomePrices of substitutes7D1D2The effect of an increase in demand on market equilibrium for health careP1SE2E1P2Q1Q28D1D2The effect of a decrease in demand on market equilibrium for health careSE2E1P2P1Q2Q19Increase in demandIncrease in equilibrium priceIncrease in quantity supplied10Decrease in demandDecrease in equilibrium priceDecrease in quantity supplied11What can cause shifts in the supply for health care? A change in ...Number of sellersResource prices12DThe effect of a decrease in supply on market equilibrium for health careS1E1E2S2P2P1Q1Q213DThe effect of a decrease in supply on market equilibrium for health careS2E2E1S1P1P2Q2Q114Increase in supplyDecrease in equilibrium priceIncrease in quantity demanded15Decrease in supplyIncrease in equilibrium priceDecrease in quantity demanded16END17
