Select two factors that might influence price elasticity of demand for public health goods or services in your example.Explain how and why price elasticity might influence the quantity of goods and services demanded in that example.

Supply and Demand in Public Health

Description

For this Discussion, review the media, “Supply Health Care Services,” and Learning Resources. Select an example of the principles of supply and demand for public health goods and services. Consider the effects of supply and demand on public health that might influence price elasticity. Next, think about how price elasticity might influence the quantity of goods and services demanded in public health.

With these thoughts in mind:

create subtitles for each

Post a brief example of supply and demand for public health goods and services.

Select two factors that might influence price elasticity of demand for public health goods or services in your example.

Explain how and why price elasticity might influence the quantity of goods and services demanded in that example.

Resources

Getzen, T. E. (2013). Health economics and financing (5th ed.). Hoboken, NJ: John Wiley and Sons.

Chapter 2, “Demand and Supply”, Chapter 6.4, “The Medical Transaction”, Chapter 6.5, “Uncertainty”

Snyderman, R., Sheldon, G. F., & Bischoff, T. A. (2002). Gauging supply and demand: the challenging quest to predict the future physician workforce. Health Affairs (Project Hope), 21(1), 167–168

Laureate Education, Inc. (Executive Producer). (2012). Supply of health care services. Baltimore, MD: Author.

Laureate Education, Inc. (Executive Producer). (2012). Demand for health and health care. Baltimore, MD: Author.

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