Write a paper of no more than 700 words about the market for a health care good or service, such as blood or organ donation or nursing care facilities, addressing the following items:
• Explain how resource scarcity influences this market and describe choices stakeholders must make.
• Describe economic flows that affect the health care market.
• What are some causes of change in supply and demand? How do they affect equilibrium price and quantity?
• Are the pricing decisions for this market elastic or inelastic? How does that affect the decisions?