HW Chapter 10 (1).docx - Homework Exercises Chapter 10 1.a...

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Homework Exercises Chapter 101.a) Three other providers of urgent care services:Physiotherapists are providers of urgent care; they are able to make same day ornext day appointments for patients suffering from injuries or recent aliments that need immediate attention. They are also available to make medical evaluations to determine if any additional care is needed. (45)Walk in clinics are providers of urgent care; they can give you relief to situations that need quick help but are not entirely emergent. For example, they can help treat allergic reactions, small infections, simple colds and small injuries like cuts or sprains that need attention. (46)Pediatric urgent care centers are providers of urgent care; they offer fast help to parents whose child is not suffering any life-threatening injuries or aliments. For example, they can help with colic issues, vaccines, common colds without fevers,small injuries, irritants or skin rashes. They also provide referrals to patients that will require additional care. (55)
1.b)An increase in demand could cause a shift that would ultimately result in a market equilibrium with higher prices and higher sales volumes. This would be a rightward shift in the market because the demand hadn't dropped in anyway and neither have the total sales. (45)A rightward shift in the demand curve implies that at the same price, the quantity of demand has risen, and this is usually attributed to non-price determinants. But for example, this could have also been caused by a rise in the price of a substitute or

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