1. Physicians’ offices supply some urgent care services (i.e., services patients seek for prompt attention but not for preservation of life or limb).
a. Name three other providers of urgent care services.
b. What sort of shift in supply or demand would result in a market equilibrium with higher prices and sales volume?
c. What might cause such a shift?
d. What sort of shift in supply or demand would result in a market equilibrium with higher prices but lower sales volume?
e. What might cause such a shift?
2. Suppose the market equilibrium price for immunizations is $40 and the volume is 25,000.
a. Identify three providers of immunization services.
b. What sort of shift in supply or demand would reduce both prices and sales volume?
c. What might cause such a shift?
d. What sort of shift in supply or demand would result in a market equilibrium with a price above $40 and a volume below 25,000?
e. What might cause such a shift?