What are some causes of change in supply and demand? How do they affect equilibrium price and quantity?

• Write about the market for a health care good or service, such
as blood or organ donation or nursing care facilities, addressing
the following items:

o Identify the various stakeholders in this market.

o Generally, explain how resource scarcity influences this
market.

o In light of such scarcity, describe choices stakeholders must
make.

o Describe economic forces (supply, demand, government
policy) that affect the health care market.

o Are the pricing decisions for this market elastic or inelastic?
How does that affect the decisions?

o What are some causes of change in supply and demand? How do they
affect equilibrium price and quantity?

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