A medical reported that the consumption of this product has many health benefits Describe how does this would affect the market for the product.
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A medical reported that the consumption of this product has many health benefits Describe how does this would affect the market for the product.
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- A website offers a place for people to buy and sell emeralds, but information about emeralds can be quite imperfect. The website then enacts a rule that all sellers in the market must pay for two independent examinations of their emerald, which are available to the customer for inspection. a. How would you expect this improved information to affect demand for emeralds on this website? b. How would you expect this improved information to affect the quantity of high-quality emeralds sold on the website?3rd party payments often cause the cost of health care to go down does third party payments to cover medical costs bring the price of medical services up?Apply the concept of equilibrium in the health market or medicine practice
- Why does taking a drug off a formulary increase the prices to the consumer?Considering Healthcare price elasticity, would it be a good idea to implement a price increase on medical products?What does price elasticity of demand mean for insurance companies and medical providers for making a decision?
