Health Economics

[login to view URL] market demand and supply curves for physicians and physician assistants indicating a market clearing price (wage) for each. Label each graph. Consider the effect on each labor market when the following happens: hospitals decide to substitute physician assistants for physicians, ceteris paribus. [login to view URL] happens to the market wage for each type of labor as a result of the substitution? [login to view URL] might hospitals make this substitution? [login to view URL] criteria would they use to make their decision? Are there restrictions to doing so? [login to view URL] the long run, what will happen to the supply curves for both types of labor? Why? [login to view URL] will happen to the demand for medical care under the following scenarios, ceteris paribus? [login to view URL] will be the effect on demand for medical care as patient/consumer time costs rise? You do not need to draw a graph; explain your answer. Depict your analysis for parts (b) and (c) on the SAME graph, plotting price for medical care on the y-axis and quantity of medical care on the x-axis. [login to view URL] will be the effect on overall market demand for medical care as the supply of primary care physician increases? [login to view URL] the scenario in part (b), what will be the impact on the demand versus need relationship for medical care for the patient/consumer? ## Deliverables 1) All deliverables will be considered "work made for hire" under U.S. Copyright law. Employer will receive exclusive and complete copyrights to all work purchased. (No 3rd party components unless all copyright ramifications are explained AND AGREED TO by the employer on the site per the worker's Worker Legal Agreement). ## Platform N/A