Assignment: Demand and Elasticity in Health Care
Assignment: Demand and Elasticity in Health Care
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Assignment: Demand and Elasticity in Health Care
Respond to each of the following questions (150-200 words each) that apply the economic concepts described in this topic’s assigned readings in The Economics of Health and Medical Care.
- Write the formula for price elasticity of demand and describe what it means.
- How would you expect the price elasticity of demand for health care to vary with health status?
- Would the demand for health care increase or decrease with an improvement in educational attainment in the community?
- Studies using macroeconomic data indicate higher income elasticity for health care. Does that make health care an inferior, normal, or superior good? Explain.
- Describe the components of time cost in health care. Is time less costly for patients with higher wage rates? Explain.
APA format is not required, but solid academic writing is expected.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are not required to submit this assignment to Turnitin.
ESSAY GUIDELINES -:
Write a 1000-1500-word essay addressing each of the following points. Be sure to completely answer all the questions for each bullet point. There should be two main sections, one for each bullet below. Separate each section in your paper with a clear heading that allows your professor to know which bullet you are addressing in that section of your paper.
Support your ideas with at least three (3) sources using citations in your essay. Make sure to cite using the APA writing style for the essay. The cover page and reference page in correct APA do not count towards the minimum word amount. Review the rubric criteria for this assignment.
Length: 1000-1500 words; answers must thoroughly address the prompts in a clear, concise manner.
Evaluation Criteria for Paper
(10%) Resources used as rationale for approaches and as sources of content
_____ 5. (20%) write paper in a scholarly manner
(4%) Format includes title page, body of paper, & reference page, with pages numbered
_____ 5. (20%) Write the Paper in a scholarly manner
(4%) Format includes title page, body of paper, & reference page, with pages numbered
