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Health Care Economics

32


A State Government decides to reduce spending on education and cut its financial support to nursing colleges. Therefore, 8 over 25 colleges that train nurses are shut down. Discuss its impact using supply and demand curves on the following markets. You need to select one graph with your discussion for each question.


How will the demand or supply curve change in the markets for nursing schooling? How will it affect the changes in equilibrium tuition (Price) and the number of nursing students (Quantity)? (10%)
From a, how does the demand or supply curve change in the labor markets for nurses? How will it affect the changes in equilibrium wage (Price) and the number of nurses (Quantity)? (10%)
From b, how does the demand or supply curve change in the markets for health services? How will it affect the changes in equilibrium charge amount (Price) and the number of services (Quantity)? (10%)

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