f patients receive more medical care in areas with greater medical care supply (holding medical care quality, access, and price constant), this would be consistent with the idea of demand inducement. You can ignore the possibility of new entry into the market in answering this 1a question. the population ages and a larger proportion of people face increasingly complex and multiple chronic conditions, the practice of medicine should become more specialized to reflect the increasing complexity of caring for the average patient. b Issume that there is fairly free entry into the field of psychotherapy and that demand for psychotherapy is price inelastic. If this is the case, psychotherapists will tend to have large fraction of unfilled appointments.

f patients receive more medical care in areas with greater medical care supply (holding medical care quality, access, and price constant), this would be consistent with the idea of demand inducement. You can ignore the possibility of new entry into the market in answering this 1a question. the population ages and a larger proportion of people face increasingly complex and multiple chronic conditions, the practice of medicine should become more specialized to reflect the increasing complexity of caring for the average patient. b Issume that there is fairly free entry into the field of psychotherapy and that demand for psychotherapy is price inelastic. If this is the case, psychotherapists will tend to have large fraction of unfilled appointments.

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Classify each of the statements below as True, False, or Uncertain, and explain the reasoning behind your answer

f patients receive more medical care in areas with greater medical care supply (holding medical
1a
care quality, access, and price constant), this would be consistent with the idea of demand
inducement. You can ignore the possibility of new entry into the market in answering this
question.
b
the population ages and a larger proportion of people face increasingly complex and multiple
chronic conditions, the practice of medicine should become more specialized to reflect the
increasing complexity of caring for the average patient.
Lssume that there is fairly free entry into the field of psychotherapy and that demand for
psychotherapy is price inelastic. If this is the case, psychotherapists will tend to have large fraction
of unfilled appointments.
C

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