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?