Perfect Competition - Draw supply and demand graphs and show how the following situations would shift supply or demand. Does Price (P) and Quantity demanded (Q) rise or fall?
a. The Affordable Care Act increases the number of individuals with health insurance. What happens in the market for health care services?
b. A dental therapist is a dental provider who is trained to treat the teeth of children and adults, performing local anesthesia, restorations, cleaning, extractions and the taking of radiographs. Currently, dental therapists are only permitted to practice in Minnesota and parts of Alaska. What would you expect to happen to the market for dentists if all 50 states began licensing dental therapists and allowing them to practice independently?