1. With an increase in demand for medical care, how will different supply elasticities affect total medical expenditures.
2. Assume that the price of a specific input (e.g., registered nurses) was subsidized. Trace the effect of such a policy on the market for hospital services.
3. Based on demographic projections, it is estimated that fewer female high school graduates will be available to pursue a nursing career. Trace this demographic effect on the market for medical care.