Suppose research shows that the more public health education individuals receive the more responsible they become as far as their diet and lifestyle are concerned, resulting in less use of all
types of health care (preventive, primary and more expensive care).
A. Draw a well-labeled diagram for the public health education market and show the deadweight loss at the market equilibrium.
B. Suppose government imposes a price ceiling on the price of public health education. Does the price ceiling increase, decrease, or have no impact on the deadweight loss in this industry?
This question was asked on Dec 05, 2012 and answered on Dec 07, 2012.
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