Module 5.docx - Hannah Skuljan HHP 3510 Module 5 5 March...

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Hannah Skuljan HHP 3510 Module 5 5 March 2020 Ch 10 Exercises 10.1 Physicians’ offices supply some urgent care services (i.e., services patients seek for prompt attention but not for preservation of life or limb). b. What sort of shift in supply or demand would result in a market equilibrium with higher prices and sales volume? The demand curve shifting right would result in a market equilibrium with higher prices and sales volume. c. What might cause such a shift? An increase in demand for such services would cause this. d. What sort of shift in supply or demand would result in a market equilibrium with higher prices but lower sales volume? The supply curve shifting left would result in a market equilibrium with higher prices but lower sales volume. e. What might cause such a shift? A decrease in the supply of such service providers would cause this. 10.2 Suppose the market equilibrium price for immunizations is $40 and the volume is 25,000. b. What sort of shift in supply or demand would reduce both prices and sales volume? If the demand curve shifts left and the supply curve stays constant or shifts right, then both prices and sales volume would decrease.

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